Economy & Market

Sri Lanka stocks end the week down, dropping 3.4 percent from last Friday

Sri Lankas Colombo Stock Exchange closed down on Friday, having dropped 3.4 percent from last week, data on its site showed.

The All Share Price Index was down 0.21 percent, or 44.21 points, at 21,375.73

The S&P SL20 closed down 0.59 percent, or 35.53 points, at 5,999.99.

Turnover was 2.67 billion rupees.

Top negative contributors to the ASPI were John Keells Holdings 9down 70 cents at 18.40 rupees), NDB (down 6 rupees at 135.25), and Cargills (down 35 rupees at 666).

Ambeon Essentials, a subsidiary of Ambeon Capital, made a voluntary offer to purchase 1,919,600 ordinary voting shares of Harishchandra Mills PLC, at 3,400 rupees a share. The Harischandra stock closed up 129.75 rupees at 5,068.75.

Stock markets in the region showed mixed sentiments, as the US-Israeli war on Iran reached the 4-week mark.

India’s Nifty 50 was down 2.09 percent, or 486.85, at 22,819.60.

Hong Kong’s Hang Seng closed up 0.38 percent, or 95.45 points, at 24,951.88.

Singapore’s Straits Times Index closed up 0.21 percent, or 10.420 points, at 4,898.180.

Japan’s Nikkei 225 closed down 0.43 percent, or 230.58 points, at 53,373.07

Source: Economy Next