COLOMBO (EconomyNext) – Sri Lankan shares closed lower Monday after a three-day rally in thin turnover as activity slackened ahead of the traditional new year holidays next week, brokers said.
The All Share Price Index shed 30.63 points (0.44%) to close at 6,917.51 while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, lost 15.71 points (0.40%) to close at 3,893.87.
Turnover was 361 million rupees with crossings or off-the-floor negotiated deals of 718,000 shares of Commercial Bank at 165 rupees each.
SC Securities said Lion Brewery Ceylon was down 3.70% to close at 601.90, Sri Lanka Telecom, fell 2.08% to end at 47.00, Chevron Lubricants Lanka, was down 2.73% to 388.10, Nestle Lanka, which closed at 2,300.00, down 0.95% and Access Engineering, which fell 5% to 20.90.
Foreign institutional investors were net buyers of 15 million rupees worth of shares.