Sri Lanka stocks fall 2.29% amid concerns over COVID-19 spike

COLOMBO: Sri Lanka stocks fell 2.29 percent, as restrictions were placed to combat a new spike in coronavirus, though though stock have been going through a correction in recent days, brokers said in a report published in Economy Next, reported.

The Colombo benchmark All Share Price Index fell 165.95 points to close at 7,066.70, Economy Next reported.

The S&P SL20 index of more liquid stocks fell 1.54 per cent or 45.73 points to close at 2,931.59.

Turnover was 1.9 billion rupees with 20 stocks gaining and 165 falling.

Foreigners were net buyers by 21.5 million rupees, Economy Next reported.

LOLC Holdings fell 10.25 rupees to close at 300.50 rupees contributing most for ASPI’s fall, Brown and Company fell 10.50 rupees to close at 160.25and Browns Investment fell 20 cents to close at 6.00 rupees a share.

LOLC Finance closed 10 cents down at 6.00 rupees.

Expolanka Holdings fell 2.00 rupees to close at 44.00 rupees a share and Melstacorp Holdings closed 2.00 rupees down at 42.60 rupees a share.

Hayleys Plc closed 1.20 rupees down at 72.50 rupees with key subsidiaries Dipped Products falling2.20 rupees to close at 52.40 rupees and Haycarb falling 1.25 rupees to close at 100.00 rupees.

John Keells Holdings closed 2.00 rupees down at 143.50 rupees a share and Vallibel One fell2.80 rupees to close at 51.10 rupees a share.