Sri Lanka stocks close down 0.3-pct on 12 week low

July 07, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.31 percent for the second consecutive day on a 12 week low with index heavy stocks showing losses, Tuesday, brokers said.

The Colombo benchmark All Share Price Index (ASPI) closed 21.63 points lower at 6,967.78 down 0.31percent.

The S&P SL20 closed 19.96 points lower at 3,891.83 lower at 0.51 percent.

Turnover was 714 million rupees, up from 489 million rupees Monday with 56 stocks closing positive against 79 negative.

“The market recorded a 12 week low drop with JKH dragging the index down,” Lanka Securities said.

The main index showed losses in John Keells Holding closing at 180.10 rupees, down 2.10 rupees with four off the floor trades of over 923,000 shares recorded between 181.00 – 180.00 rupees.

Hatton National Bank closed down at 207.90 rupees, down 4.60 rupees.

In other banking stocks, Sampath Bank closed at 256.10 rupees, down 1.90 rupees and Commercial Bank closed at 161.70 rupees, up 0.20 rupees.

DFCC closed at 190.00 rupees, down 3.50 rupees and Seylan Bank closed flat at 100.00 rupees with one off the floor trade of over one million shares at 100.00 rupees.

Dialog closed at 10.30 rupees, down 0.10 rupees.