Sri Lanka Stocks Decline Amid Uncertainty Over IMF Program Delay

Sri Lanka Stocks Decline Amid Uncertainty Over IMF Program Delay

The Colombo Stock Exchange in Sri Lanka experienced a decline on Tuesday, influenced by investor uncertainty and rising fixed income rates, according to brokers. The All Share Price Index (ASPI) decreased by 0.25 percent, a drop of 60.20 points, closing at 23,819.21. Meanwhile, the S&P SL20 fell by 0.58 percent, losing 39.22 points to settle at 6,689.49. Dimantha Matthew, Chief Research and Strategy Officer at First Capital Holdings PLC, comment…

Sri Lanka stocks trend down midday, capital goods push turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trending down Tuesday midday, after opening up, CSE data showed. The All Share Price Index was down 0.16 percent, or 38.18 points at 23,744.84. The S&P SL20 was down 0.21 percent, or 14.25 points at 6,714.46. Melstacorp (Rs.182.00) and John Keells Holdings (Rs.22.40) were the top negative contributors to the ASPI. Turnover was 1.43 billion rupees. Nations Trust Bank announced a dividend of 7 r…