Sri Lanka stocks close flat, JXG to start trading

Sri Lanka’s Colombo Stock Exchange closed flat on Tuesday, with the All Share Price Index moving a marginal 0.03 percent.

The ASPI rose 7.84 points to 22,620.15; while the S&P SL20 closed up 0.24 percent, or 15.12 points, at 6,229.68.

Commercial Bank (up 1.08 percent at 210.75 rupees), John Keells Holdings (up 0.99 percent at 20.50 rupees), ACL Cables (up 3.40 percent at 101.75 rupees) were the top positive contributors to ASPI.

Richard Pieris and Company (down 3.88 percent at 34.70 rupees), DFCC Bank (down 1.21 percent at 143.25 rupees), Central Finance Company (down 1.57 percent at 250 rupees) were leading negative contributors.

Analysts said retail investor trading activity had increased as the market trended up to a certain level of recovery placement.

Market turnover was 3.096 billion rupees. Capital goods led turnover with 1.07 billion rupees.

Crossings were recorded in Prime Land Residencies (500,000 shares), Commercial Bank (95,000 shares), Sierra Cables (1.3 million shares), Alumex (1,535,313 shares), Nations Trust Bank (75,000 shares), and John Keells Holdings (10 million shares).

Janashakthi Limited (JXG) is set to start trading from April 29, under diversified financials. A total of 2.3 billion shares will be listed on the CSE.

Source: Economy Next