CSE falls for the third straight session

Sri Lanka, Jan 09 (Capital Leads) – The indices of the Colombo Stock Exchange (CSE) fell for the third consecutive session today while recording the third lowest turnover for the year so far.

The ASPI edged down 10.17 points to close the session at 5,982.19 points, 0.17 percent lower than the previous session, while S&P SL20 Index lost 13.86 points to reach 3,036.09 points, 0.45 percent weaker than yesterday.

No crossings were recorded during the day as the turnover reached LKR216.4.0 mn (USD1.2 mn), the third lowest turnover for the year.

Making up 39 percent of total turnover, Commercial Bank (COMB) spearheaded the company-wise contribution as the stock dropped 0.7 percent value led by local selling.

Banks, Finance and Insurance sector dominated the sector-wise contribution with 75 percent, followed by Hotels and Travel sector which made up 7 percent on the back of active trading of Hunas Falls Hotels (HUNA) which gained 5.7 percent during the day.

Foreign buying was seen in HNB and Ceylon Tobacco as net foreign outflow continued in the market for the third straight session reaching LKR4.3 mn (USD20,000) during the day, bringing YTD outflow to LKR477.7 mn (USD2.6 mn).

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