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Sri Lankan stocks close down 0.9-pct

COLOMBO, Nov 26, 2014 (EconomyNext) – Sri Lankan stocks fell Wednesday dragged down by falls in index heavyweights amid continued political uncertainty triggered by a split in the ruling alliance.

The All Share Price Index closed at 7,179.72, down 59.64 points while the S&P SL20 index, which tracks the top 20 largest and most liquid stocks on the Colombo Stock Exchange, ended at 4,024.70, down 21.02 points or 0.5 percent.

Turnover was 1.7 billion rupees with foreign investors still on the buying side and the market getting a net foreign inflow of 400.68 million rupees, Bartleet Religare Securities (BRS) said.

Dialog Axiata topped both the turnover and volume lists aided by five block deals that
contributed about half to the stock’s turnover followed by John Keells Holdings.

Three negotiated deals on JKH contributed 74 percent to the stock’s turnover for the
Day, BRS said.

 

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