Sri Lanka stocks slump extends to fifth day

ECONOMYNEXT- Sri Lanka stocks closed 0.36 percent lower on Thursday, continuing its fall for the fifth day, brokers said.

Colombo’s All Share Price Index (ASPI) closed 20.43 points down at 5,667.50.

The index reached an intra-day high of 5,697.00 just after market open and reached a daily low of 5,667.53 in the afternoon.

The S&P SL20 of more liquid stocks closed 0.07 percent or 2.04 points down at 2,447.78.

The market turnover was 696.3 million rupees with 48 stocks gaining and 69 falling.

A crossing (negotiated trade) in Ceylon Tobacco Company contributed 29.2 million rupees to turnover.

Index-heavy Ceylon Tobacco Company closed 24.90 rupees lower at 1,050.00 rupees a share, contributing most to the fall of the ASPI.

John Keells Holdings closed 1.50 rupees lower at 151.50 a share and Bukit Darah closed 18.80 rupees down at 219.90 rupees a share also contributing to the fall of the ASPI.
(Colombo/Oct 03/2019)

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