Sri Lanka’s stocks close lower on telcos

ECONOMYNEXT – Sri Lanka stocks closed 0.08 percent lower on Wednesday, dragged down by telcos, provisional data showed.

 
Colombo’s All Share Price Index (ASPI) closed 4.72 points down at 5,907.74 at the day’s low after reaching an intra-day high of 5,932.52 in the morning session.
 
The S&P SL20 Index of more liquid stocks closed 0.38 percent or 10.96 points higher at 2,925.54.
 
The market turnover was 672 million rupees with 49 stocks gaining and 70 stocks declining.
 
A 188 million rupee crossing (negotiated trade) in John Keells Holdings a 62 million rupee crossing in Dialog Axiata drove the day’s turnover.
 
Dialog Axiata, one of the country’s largest telcos, contributed most to ASPI fall, closing 30 cents down at 10.50 rupees a share.
 
State-owned Sri Lanka Telecom closed 90 cents down at 28.90 rupees a share.
 
Brown and Company, a diversified group, closed 2.60 rupees up at 70.40 rupees a share, also pushing the ASPI down.
 
(COLOMBO, 21 Aug, 2019)