Sri Lanka stocks close down 0.5-pct: Institutional activity

Dec 02, 2015 (LBO) – Sri Lankan stocks closed down at 0.47 percent for the sixth straight day on Wednesday with losses in John Keells Holdings and some banking stocks, brokers said.

The Colombo benchmark All Share Price Index closed down 32.40 points at 6,862.79 down 0.47 percent. S&P SL20 closed 13.54 points lower at 3,637.80 down 0.37 percent.

Turnover was 1.6 billion rupees, higher than the daily average of 1.1 billion rupees with 36 stocks closing positive against 107 negative.

“The was more institutional activity during trading,” Lanka Securities said.

The main index showed losses in John Keells Holdings closing at 180.00 rupees, down 1.70 rupees and Colombo Commercial closing at 4.00 rupees, down 0.20 rupees.

JKH contributed 1.3 billion rupees to the days turnover and crossings accounted for 78 percent of the turnover.

In the banking sector Hatton National bank closed at 214.00 rupees, down 1.00 rupees and DFCC bank closed at 160.50 rupees, down 0.40 rupees.