Sri Lanka stocks close down 0.6-pct; JKH reaches 52 week low

Jun 08, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.62 percent with losses in index heavy and banking stocks, brokers said.

The Colombo benchmark All Share Price Index (ASPI) closed 44.07 points lower at 7,078.66 down 0.62 percent.

The S&P SL20 closed 39.35 points lower at 3,924.33 down 0.99 percent.

Turnover was 659 million rupees, up from 517 million Friday with 51 stocks closing positive against 137 negative.

“The market dropped mainly due to losses in the index heavy stocks, with JKH reaching a 52 week low price.” Lanka Securities said.

“Almost all banking counters also showed losses. The market seems to be going through a correction.”

The top contributor to turnover was John Keells Holdings closing at 190.00 rupees, down 5.00 and Good Hope closing at 1,601.00 rupees, down 206.50 rupees (11.4 percent).

One off the floor trade was recorded at JKH with 115,00 shares traded at 190.00 rupees while the stock also hit a 52 week low price of 189.90 rupees.

In the banking sector Sampath Bank closed at 259.00 rupees, down 6.00 rupees and DFCC closed at 208.00 rupees, down 2.00 rupees.

Commercial Bank closed flat at 162.20 rupees.

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Joe
Joe
6 years ago

Political instability , corruptions and no proper action against corruptions can lead the foreign investors leave the country. On the other hand country’s rating must be improved for investable. Therefore the main issue is the corruption to be fixed and proper actions taken against those who are involved regardless of their positions.

sacre blieu
sacre blieu
6 years ago

What is happening to the inquiries of the stock market manipulations and crooked deals. Or is there strange happenings?

Tilak
Tilak
6 years ago

Looking @Emerging markets . MSCI’s EM index is in a long decline.(for 12 days Longest in 25 years).Country specifics +important global changes creatng volatility is becoming the new norm in financial markets.