ECONOMYNEXT – The Colombo Stock Exchange closed down on Monday, data on its site showed.
The broader ASPI closed down 1.44 percent, or 187.62 points, at 12,866; while the more liquid S&P SL20 Index closed down 1.98 percent, or 76.52 points, at 3,794.
Turnover was 2.1 billion. Most of this came from banking (Rs598mn) and capital goods stocks (Rs499mn).
“Market has been on a continuous stretch, so some profit taking is coming in,” market participants said. “There’s also the month end selling.”
Top negative contributors to the ASPI were John Keells Hotels (down at 19.20), Hatton National Bank (down at 222.50), Sampath Bank (up at 92.00), Commercial Bank (down at 120.00), and Melstacorp (down at 107.50).
“There is buying interest, but investors are waiting for better prices.”
There was net foreign outflow of 142 million rupees. (Colombo/Nov25/2024)