Sri Lanka stocks lower at close of trade; CSE All-Share down 0.22%

Category: Stock Market

Sri Lanka stocks were lower after the close on Tuesday, as losses in the Trading, Banking, Financials&Insurance and Telecoms sectors led shares lower.At the close in Colombo, the CSE All-Share declined 0.22%.The best performers of the session on the CSE All-Share were Selinsing PLC (CM:SELI), which rose 19.20% or 259.20 points to trade at 1609.00 at the close. Meanwhile, SMB Leasing PLC (CM:SEMB) added 14.29% or 0.1000 points to end at 0.8000 and Sathosa Motors PLC (CM:SMOT) was up 12.91% or 36.60 points to 320.00 in late trade.The worst performers of the session were Serendib Land PLC (CM:SLND), which fell 21.74% or 361.20 points to trade at 1300.00 at the close. Kelani Valley Plantations PLC (CM:KVAL) declined 10.19% or 6.30 points to end at 55.50 and Ceylon Hotels Corporation PLC (CM:CHOT) was down 7.23% or 1.70 points to 21.80.Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 83 to 77 and 48 ended unchanged.Shares in Serendib Land PLC (CM:SLND) fell to 52-week lows; falling 21.74% or 361.20 to 1300.00.Crude oil for August delivery was down 0.94% or 0.47 to $49.49 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 1.01% or 0.51 to hit $50.14 a barrel, while the August Gold contract fell 0.76% or 9.85 to trade at $1282.25 a troy ounce.GBP/LKR was up 0.34% to 213.785, while USD/LKR rose 0.02% to 145.690.The US Dollar Index was down 0.16% at 93.53.