Sri Lanka stocks close down, capital goods, financials lead turnover

The Colombo Stock Exchange closed down on Monday, data from CSE showed.

This may be a “one off situation, as there are no underlying issues seen,” Raynal Wickremeratne, Head of Strategy, Softlogic Stockbrokers said.

“We may see a correction tomorrow.”

The All Share Price Index was down 0.89 percent, or 203.26 points at 22,570.03.

The S&P SL20 was down 0.66 percent, or 41.15 points at 6,222.79.

Asiri Hospital Holdings (up 12.37 percent at 41.80 rupees), Melstacorp (up 0.56 percent at 180.75 rupees), and Carson Cumberbatch (up 1.90 percent at 816.25 rupees) were top positive contributors to the ASPI.

RIL Holdings (down 5.92 percent at 28.60 rupees), CT Holdings (down 3.73 percent at 581.50 rupees), Dialog Axiata (down 2.03 percent at 33.80 rupees) were top negative contributors.

Turnover was 4.11 billion rupees. Capital goods contributed 786 million to takeover, while diversified financials contributed 710.1 million rupees.

“Most global markets have been positive recently,” Wickremeratne added.

The US’ DOW Jones 30 index was up 1.79 percent at 49,447.43 points.

Hong Kong’s Hang Seng was up 0.77 percent at 26,361.07.

Meanwhile, India’s Nifty50 index was flat at 24,332.85.

source: Economy Next