ECONOMYNEXT – The Colombo Stock Exchange closed down on Tuesday, data on its site showed.
The broader All Share Index closed down 1.12 percent, or 140.36 points, at 12,358; while the S&P SL20 Index closed down 1.39 percent, or 51.65 points, at 3,671.
Turnover was 3.3 billion.
“Market fell by about 140 points mostly driven by the uncertainty in the political situation,” market participants said.
“There was selling pressure on the banks and index-heavyweights.”
“However there was some notable activity from the retail and high-net-worth segments into Ceylon Tobacco Company Plc (up at 1,332.50), and Chevron Lubricants Lanka Plc (up at 120.75), due to the good results they had posted.”
There was also increased activity on the construction counters, they said.
Royal Ceramics Lanka Plc continued to be heavily traded (Rs75104mn). The share closed down at 36.30.
John Keells Holdings Plc contributed the most (Rs888mn) to the day’s turnover; and the share closed down at 203.25.
There was a net foreign outflow of 587 million. (Colombo/May14/2024)