Sri Lankan stocks down, interest in Lankem Developments

ECONOMYNEXT – Sri Lanka’s benchmark stock market index closed lower Friday in moderate turnover with interest seen in Lankem Developments, brokers said.

The All Share Price Index fell 1.05 points or 0.02 percent to end at 5,988.07 while the more liquid S&P SL20 index closed at 3,066.29, up 13.04 points or 0.43 percent. Turnover was 661 million rupees.

The ASPI was dragged lower mainly by Commercial Leasing & Finance, which fell 30 cents or almost 11 percent to close at 2.50 rupees  a share,  Melstacorp which fell one rupee or two percent to end at 47 rupees and Aitken Spence which ended at 44 rupees, down 1.50 or 3.3 percent.

Lankem Developments was the most actively traded share and the day’s highest gainer, closing at 4.40 rupees, up 50 cents or 13 percent.
(Colombo/January 18/2019)

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