ECONOMYNEXT – The Colombo Stock Exchange closed down on Tuesday, data on its site showed.
The All Share Price Index was down 0.61 percent, or 64.65 points, at 10,545.
The S&P SL20 index was down 0.79 percent, or 23.90 points, falling below the 3,000-mark to close at 2,999.
However, turnover was significantly higher than the preceding few days of trading at 1.5 billion.
Most of this came from a Ceylinco Insurance Plc transaction which contributed 767mn to the day’s turnover.
Other sectors that saw higher investor interest were the food, beverage and tobacco industry (297mn), followed by the capital goods industry (132mn).
The banking sector continued to attract less interest, same as last week.
Top positive contributors to the ASPI included Sri Lanka Telecom Plc (up at 92.40) after investors from China and India expressed interest in buying the company, market sources said.
Jio Platforms Ltd and a unit of Reliance industries of India and Gortune International Investment Holding Ltd have expressed interest in Sri Lanka Telecom, which the government has put up for sale.
Other positive contributors included the John Keells Holdings owned Asian Hotels and Properties Plc (up at 59.90), and Ceylon Cold Stores Plc (up at 42.90).
The parent company, John Keells Holdings Plc, closed up at 186.25.
Net foreign outflows continued with today registering an outflow of 586mn, the highest for this year. (Colombo/Jan12/2024).