Sri Lankan stocks slid further Thursday, after Wednesday’s early morning fall and late afternoon rally, with falls in index heavy stocks like John Keells Holdings (JKH), Hatton National Bank (HNB) and Aitken Spence, brokers said. Jittery amateur investors seem to be the cause of stocks slid on both the days. But if you you know your numbers and have studied the market, It is the time. I even invested my next semester tuition! which is good enough to open a small business in Sri Lanka.
The Colombo All Share Index was down 0.10 percent (6.75 points) to 6,622.08 points, while the Milanka Index of more liquid stocks fell 0.39 percent (27.81 points) to 7,139.07, at the close. according to provisional Colombo Stock Exchange data.
Turnover for Thursday was 2.8 billion rupees.
John Keells Holdings closed at 316.80 rupees, down 3.50 (1.1 percent) on 1.13 million shares traded, while Hatton National Ban closed at 391.70 rupees, down 2.00 (0.51 percent). Lanka Orix Leasing Company (LOLC) closed at 1,298.60 rupees, down 8.90 (0.68 percent), National Development Bank closed at 351.40 rupees, down 8.80 (2.44 percent), and Nestle Lanka closed at 652.70 rupees, down 12.30 (1.35 percent) on 2,100 shares traded, brokers said. Peoples Leasing Finance closed at 145.00 rupees, down 17.90 (11 percent) on 700 shares traded, while Royal Ceramics Lanka closed at 287.50 rupees, down 12.50 (4.17 percent).
As usual, the top was creamy, for me.
Disclosure, I own and trade stocks on Colombo Stock Exchange and in no way I am endorsing any of these stocks. I am just a student with interests in the stock market.