Sri Lanka stocks lower at close of trade; CSE All-Share down 0.70%

Sri Lanka stocks lower at close of trade; CSE All-Share down 0.70%

Oct 15, 2018

Sri Lanka stocks were lower after the close on Monday, as losses in the Construction&Engineering, Power&Energy and Plantations sectors led shares lower.

At the close in Colombo, the CSE All-Share lost 0.70% to hit a new 3-years low.

The best performers of the session on the CSE All-Share were Blue Diamonds Jewellery Worldwide PLC (CM:BLUE), which rose 20.00% or 0.100 points to trade at 0.600 at the close. Meanwhile, Asia Asset Finance Ltd (CM:ASAS) added 10.00% or 0.100 points to end at 1.100 and Fortress Resorts Plc (CM:RHTL) was up 9.30% or 0.80 points to 9.40 in late trade.

The worst performers of the session were Industrial Asphalts (Ceylon) PLC (CM:ASPH), which fell 11.76% or 40.00 points to trade at 300.00 at the close. Sunshine Holdings PLC (CM:SUN) declined 11.54% or 6.00 points to end at 46.00 and Palm Garden Hotels PLC (CM:PALM) was down 11.25% or 2.70 points to 21.30.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 107 to 59 and 50 ended unchanged.

Shares in Sunshine Holdings PLC (CM:SUN) fell to 52-week lows; falling 11.54% or 6.00 to 46.00.

Crude oil for November delivery was up 0.56% or 0.40 to $71.74 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.96% or 0.77 to hit $81.20 a barrel, while the December Gold Futures contract rose 1.02% or 12.50 to trade at $1234.50 a troy ounce.

GBP/LKR was up 0.38% to 224.115, while USD/LKR rose 0.41% to 170.440.

The US Dollar Index Futures was down 0.27% at 94.68.

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