Sri Lanka stocks fall for fourth straight day

COLOMBO: Sri Lanka stocks fell for the fourth straight day with 207 billion in stock values being wiped out so far this week amid continued selling pressure, brokers said.

LOLC, John Keells and Carson Cumberbatch led the index down, Economy Next reported.

Turnover was 3 billion rupees with 22 stocks gaining and 154 falling.

The Colombo benchmark All Share Price Index fell 191.05 points to close at 7,002.04, Economy Next reported.

The market reached an intra-day high of 7,253.72 during the first our into trading but fell throughout the day before rising slightly at the close.

The S&P SL20 index of more liquid stocks fell 2.39 per cent or 67.87 points to close at 2,768.88.

Foreigners bought 421 million rupees of stocks and sold 441 million on Thursday, Economy Next reported.

So far in 2021 foreign investors has sold 14.29 billion rupees of stocks.

LOLC Holdings fell 29.50 rupees or 8.94 percent to close at 300.50 rupees contributing most for the ASPI fall.

LOLC Finance, fell 30 cents to close at 5.90 rupees, Browns and Company fell 10.75 rupees to close at 144.25 rupees and Browns Investment closed 30 cents down at 5.20 rupees.