Stocks fell in volatile trading on Tuesday

Sri Lanka stocks fell in volatile trading on Tuesday (06), following the biggest one-day plunge for the All Share Price Index (ASPI) after the island nation reported the first case of Covid-19 community infection in several months.

Sri Lanka’s only Capital Market All Share Price Index (ASPI) crashed down by 462.99 points or 8.21% to close at 5,553.6 yesterday (05).

Today (06) the ASPI crashed by 193.9 points to 5,393.23 on early trading but shortly afterward it rose by 170.72 points to 5,757.90 from its previous closing level.

However, today (06) the Colombo All Share Price Index fell 52.5 points or 0.95% to close at 5,534.61 and the S & P SL20 index of most liquid stocks closed 0.71% or 16.29 points to end at 2,272.22.

The market turnover was Rs.2.8 billion.

Today, 64 companies contributed positively to the ASPI’s gain and 135 companies contributed negatively. Stocks which contributed to ASPI’s plunge were Bukit Darah PLC, Ceylinco Insurance PLC, Carson Cumberbatch PLC, Ceylon Cold Stores PLC and Browns Investments PLC

The post Stocks fell in volatile trading on Tuesday appeared first on Adaderana Biz English | Sri Lanka Business News.

Source From biz.adaderana
Author: Isma Izzath
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