Sri Lanka stocks close down as country enters election month

Sri Lanka
By Editor_1

COLOMBO – The Colombo Stock Exchange closed down on Monday (2), data on its site showed.

The broader All Share Index closed down 1.38%, or 149.57 points, at 10,719; while the more liquid S&P SL20 Index closed down 1.69%, or 51.67 points, at 3,006.

Turnover was 615 million.

“Now that we’ve entered the election month, the same sentiment is expected to continue,” Softlogic Stockbrokers said.

“Activity levels are likely to be low key due to the prevailing political uncertainty.”

There was one crossing in the day: Hayleys Plc closed down at 88.00.

Top turnover generators were: John Keells Holdings (down at 167.50), Hayleys, Ceylon Grain Elevators (down at 155.00), Commercial Bank of Ceylon (down at 84.70) and Sampath Bank (down at 69.00).

There was a net foreign outflow of 21 million.

Foreign buying was seen in Three Acre Farms Plc (down at 275.00), Ambeon Capital Plc (down at 11.30), Windforce Plc (down at 19.50), People’s Leasing & Finance Plc (down at 11.10), Haycarb Plc (down at 74.40), and Laugfs Gas Plc (up at 32.80).

Foreign selling was seen in Hatton National Bank (down at 165.00), John Keells Holdings, LVL Energy Fund (down at 4.20), Vallibel Power Erathna Plc (down at 8.80), Tokyo Cement Company (Lanka) Plc non-voting (down at 37.70) and Bogala Graphite Lanka Plc (down at 49.10).

-economynext.com

 

Editor_1
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