Sri Lanka stocks fall 1.7-pct as curfews expanded in Colombo

ECONOMYNEXT – Sri Lanka stocks fell 1.73 percent at Monday’s close as an Coronavirus cluster expanded over the weekend and curfews were expanded in parts of the capital Colombo.

Factoring in the new trend, Colombo’s All Share Price Index fell 99.61 points to close at 5,669.33.

The fell as low as 5,639.22 and recovered marginally at close..

The S&P SL20 index of more liquid stocks also fell 1.72 percent or 39.54 points to 2,258.34.

The market turnover was one billion rupees with 22 stocks gaining and 175 falling.

John Keells Holdings contributed most to ASPI’s fall, declining 3 rupees a share to trade at 129.00 rupees.

Carson Cumberbatch fell 15.10 rupees to trade at 253.80 rupees a share and Ceylon Tobacco Company fell 15.70 rupees to trade at 940.70 rupees a share alsodragging the ASPI down.

The Materials Industry index, which was the most active, fell. 2.34 percent. (Colombo/ October 26/2020)

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