Sri Lankan stocks end down, Regnis actively traded

EconomyNext – Sri Lankan stocks closed weaker Monday with turnover lower than usual and active trading in Regnis (Lanka), a local industrial unit of Singer that made sharply higher profits and declared a seven-rupee dividend, brokers said.

The benchmark All Share Price Index closed at 7,244.40, down 56.89 points (0.78 ) while S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, fell 14.45 points (0.35 percent) to close at 4,101.43.

Turnover was a low 642 million rupees.

Regnis (Lanka), a unit of Singer, which makes refrigerators, fans and washing machines, was the most actively traded stock, closing at 91.10 rupees, up 9.90 (12.19 percent), after hitting a high of 92.90.

The firm has reported sharply higher December 2014 quarter and annual profits and declared a final dividend of seven rupees per share.


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