Business

Sri Lanka stocks records biggest drop

The Colombo Stock Exchange (CSE) today recorded the biggest drop in points in a day.

Sri Lanka stocks plunged 7.65 per cent at close on Monday as renewed coronavirus fears emerged, provisional data showed.

A new cluster of Coronavirus infections is developing in the Gampaha district bordering the capital Colombo where three towns are so far under lockdown.

The stock fell amid fears of a general lockdown which may hit companies and the economic activities.

Up to October 05 mid-day around 70 confirmed patients had been found after the first found on Saturday night.

But Sri Lanka has a well-oiled system of tracing and quarantine which had killed emerging clusters before.

Colombo’s All Share Price Index (ASPI) plunged 492.99 points to close at 5,587.17.

The S&P SL20 index of more liquid stocks fell 7.26 per cent or 178.24 points to close at 2,276.19.
Market turnover was 268.7 million rupees while 4 stocks gained and 225 made losses.

Stocks which contributed most to ASPI’s was Carson Cumberbatch, falling to 263.70 rupees a share (55.30 per cent) from 319.00 rupees.

Other stocks which contributed to ASPI’s fall were Distilleries Company of Sri Lanka stocks last traded at 17.00 rupees down from 19.10 rupees a share while Nestle Lanka stocks plunged to 1,070.50 rupees a share (126 per cent) from 1,196.50 rupees.

Click to comment

Leave a Reply

Your email address will not be published.

Most Popular

To Top
$(".comment-click-2395").on("click", function(){ $(".com-click-id-2395").show(); $(".disqus-thread-2395").show(); $(".com-but-2395").hide(); }); // Infinite Scroll $('.infinite-content').infinitescroll({ navSelector: ".nav-links", nextSelector: ".nav-links a:first", itemSelector: ".infinite-post", loading: { msgText: "Loading more posts...", finishedMsg: "Sorry, no more posts" }, errorCallback: function(){ $(".inf-more-but").css("display", "none") } }); $(window).unbind('.infscr'); $(".inf-more-but").click(function(){ $('.infinite-content').infinitescroll('retrieve'); return false; }); $(window).load(function(){ if ($('.nav-links a').length) { $('.inf-more-but').css('display','inline-block'); } else { $('.inf-more-but').css('display','none'); } }); $(window).load(function() { // The slider being synced must be initialized first $('.post-gallery-bot').flexslider({ animation: "slide", controlNav: false, animationLoop: true, slideshow: false, itemWidth: 80, itemMargin: 10, asNavFor: '.post-gallery-top' }); $('.post-gallery-top').flexslider({ animation: "fade", controlNav: false, animationLoop: true, slideshow: false, prevText: "<", nextText: ">", sync: ".post-gallery-bot" }); }); });