FINANCIAL CHRONICLE – On Tuesday, Sri Lanka’s Colombo Stock Exchange experienced a decline as investors appeared to be securing profits following positive earnings reports, according to brokers.
Shadini Silva, Co-Head of Research at Softlogic Stockbrokers, noted, “Most results seem positive, so it could be investors are booking profits, or maybe it’s a correction.”
The All Share Price Index decreased by 0.43 percent, or 103.17 points, closing at 23,651.09. Meanwhile, the S&P SL20 saw a slight increase of 0.04 percent, or 97.58 points, settling at 6,611.16, based on provisional data.
Market turnover was relatively low, amounting to 3.54 billion rupees.
The top negative contributors to the All Share Price Index included Senkadagala Finance, which fell by 68.50 rupees to 837, Cargills (Ceylon), which dropped 21 rupees to 730, and Dialog Axiata, which declined by 60 cents to 32.70 rupees.
