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Sri Lanka stocks lower at close of trade; CSE All-Share down 0.11%

Published 11/29/2016, 05:45 AM
Updated 11/29/2016, 05:45 AM
© Reuters.  Sri Lanka stocks lower at close of trade; CSE All-Share down 0.11%

Investing.com – Sri Lanka stocks were lower after the close on Tuesday, as losses in the Information Technology, Investment Trust and Beverages & Tobacco sectors led shares lower.

At the close in Colombo, the CSE All-Share lost 0.11% to hit a new 6-months low.

The best performers of the session on the CSE All-Share were Ceylon Leather Products PLC (CM:CLPL), which rose 21.93% or 12.50 points to trade at 69.50 at the close. Meanwhile, Kelani Valley Plantations PLC (CM:KVAL) added 16.79% or 8.90 points to end at 61.90 and SMB Leasing PLC (CM:SEMB) was up 16.67% or 0.1000 points to 0.7000 in late trade.

The worst performers of the session were Serendib Land PLC (CM:SLND), which fell 24.99% or 415.20 points to trade at 1246.00 at the close. Royal Palms Beach Hotels PLC (CM:RPBH) declined 12.00% or 3.00 points to end at 22.00 and Standard Capital PLC (CM:SING) was down 11.11% or 9.00 points to 72.00.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 96 to 73 and 61 ended unchanged.

Shares in Serendib Land PLC (CM:SLND) fell to 52-week lows; down 24.99% or 415.20 to 1246.00. Shares in Royal Palms Beach Hotels PLC (CM:RPBH) fell to 5-year lows; down 12.00% or 3.00 to 22.00.

Crude oil for January delivery was down 1.89% or 0.89 to $46.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.89% or 0.93 to hit $48.28 a barrel, while the December Gold contract fell 0.40% or 4.80 to trade at $1186.00 a troy ounce.

GBP/LKR was up 0.03% to 184.290, while USD/LKR fell 0.04% to 148.630.

The US Dollar Index was up 0.20% at 101.41.

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