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Sri Lanka stocks lower at close of trade; CSE All-Share down 0.35%

Published 20/01/2016, 09:45 pm
© Reuters.  Sri Lanka stocks lower at close of trade; CSE All-Share down 0.35%

Investing.com – Sri Lanka stocks were lower after the close on Wednesday, as losses in the Information Technology, Palm Oil and Trading sectors led shares lower.

At the close in Colombo, the CSE All-Share lost 0.35% to hit a new 52-week low.

The best performers of the session on the CSE All-Share were J L Morison Sons & Jones (Ceylon) PLC (CM:MORI), which rose 24.78% or 86.00 points to trade at 433.00 at the close. Meanwhile, Royal Palms Beach Hotels PLC (CM:RPBH) added 18.75% or 5.10 points to end at 32.30 and Lucky Lanka Milk Processing Company Ltd (CM:LLMP) was up 15.63% or 0.50 points to 3.70 in late trade.

The worst performers of the session were PC House PLC (CM:PCHO), which fell 50.00% or 0.100 points to trade at 0.200 at the close. Huejay International Investments PLC (CM:HUEJ) declined 19.80% or 9.90 points to end at 40.10 and Union Chemicals Lanka PLC (CM:UCHE) was down 16.48% or 98.90 points to 501.10.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 131 to 106 and 9 ended unchanged.

Shares in J L Morison Sons & Jones (Ceylon) PLC (CM:MORI) rose to all time highs; up 24.78% or 86.00 to 433.00. Shares in Huejay International Investments PLC (CM:HUEJ) fell to 3-years lows; losing 19.80% or 9.90 to 40.10.

Crude oil for March delivery was down 2.35% or 0.69 to $28.88 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 1.83% or 0.53 to hit $28.23 a barrel, while the February Gold contract rose 0.46% or 5.00 to trade at $1094.10 a troy ounce.

GBP/LKR was down 1.11% to 203.060, while USD/LKR fell 0.49% to 143.275.

The US Dollar Index was down 0.22% at 98.95.

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