Sri Lanka stocks closed 0.15 percent lower on Monday ending a four-day rally, with the market dragged down by index-heavy John Keells Holdings, provisional data showed.
The All Share Price Index (ASPI) at the Colombo Stock Exchange closed 8.78 points down at 5,933.75. The Index fell to a daily low of 5,925.13 in the final hour of trading, before recovering slightly to end the day.
The S&P SL20 Index of most liquid stocks closed 0.10 percent or 2.74 points down at 2,832.61.
Market turnover was 352.34 million rupees. Prices of 82 stocks fell and 54 gained.
A 51.02 million rupee negotiated trade (crossing) was seen in JKH at 160.60 rupees a share.
JKH closed 1.50 rupees or 0.93 percent down at 160.00 rupees a share contributing most to the ASPI’s fall.
LOLC Holdings closed 2.20 rupees or 1.47 percent lower at 147.80 rupees a share while Cargills (Ceylon) stocks fell 3.20 rupees or 1.61 percent to close at 195.00 rupees a share also contributing to the ASPI’s decline.
Meanwhile, Nestle Lanka stocks closed 48.90 or 3.91 percent higher at 1,298.90 rupees a share, helping to arrest the ASPI’s fall.
Courtesy: ECONOMY NEXT
