Sri Lanka stocks close down 0.2-pct: Low investor activity

Nov 02, 2015 (LBO) – Sri Lankan stocks closed down at 0.18 percent on Monday following losses in some index heavy stocks with low investor activity and volumes traded, brokers said.

The Colombo benchmark All Share Price Index closed down 12.99 points at 7,029.07 lower 0.18 percent. S&P SL20 closed 6.21 points lower at 3,796.79 down 0.16 percent.

“Low investor activity was seen following an announcement that Prime Minister Ranil Wickremesinghe will make a special statement in Parliament on the 5 November on medium term economic framework of the present Government,” Lanka Securities said.

Turnover was 425 million rupees with 55 stocks closing positive against 86 negative.

The main index showed losses in Bukit Darah closing at 551.30  rupees, down 38.70  rupees and Peoples Leasing Company closing at 20.90 rupees, down 0.90 rupees.

Hayleys closed at 320.50 rupees, down 4.60 rupees with two separate off the floor trades amounting to 175,000 at 323.00 rupees.