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Sri Lanka stocks lower at close of trade; CSE All-Share down 0.45%

Published 01/24/2017, 05:45 AM
Updated 01/24/2017, 05:45 AM
© Reuters.  Sri Lanka stocks lower at close of trade; CSE All-Share down 0.45%

© Reuters. Sri Lanka stocks lower at close of trade; CSE All-Share down 0.45%

Investing.com – Sri Lanka stocks were lower after the close on Tuesday, as losses in the Telecoms, Information Technology and Motors sectors led shares lower.

At the close in Colombo, the CSE All-Share fell 0.45% to hit a new 6-months low.

The best performers of the session on the CSE All-Share were Adam Investments Ltd (CM:ADAM), which rose 12.50% or 0.100 points to trade at 0.900 at the close. Meanwhile, Paragon Ceylon PLC (CM:PARA) added 12.20% or 7.50 points to end at 69.00 and Kelani Valley Plantations PLC (CM:KVAL) was up 10.92% or 6.40 points to 65.00 in late trade.

The worst performers of the session were Tangerine Beach Hotels PLC (CM:TANG), which fell 12.60% or 7.80 points to trade at 54.10 at the close. Office Equipment PLC (CM:OFEQ) declined 10.71% or 7.20 points to end at 60.00 and Agstar PLC (CM:AGST) was down 10.53% or 0.60 points to 5.10.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 69 to 68 and 57 ended unchanged.

Shares in Adam Investments Ltd (CM:ADAM) rose to all time lows; gaining 12.50% or 0.100 to 0.900. Shares in Office Equipment PLC (CM:OFEQ) fell to 3-years lows; down 10.71% or 7.20 to 60.00.

Crude oil for March delivery was up 0.70% or 0.37 to $53.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.65% or 0.36 to hit $55.59 a barrel, while the February Gold contract fell 0.25% or 3.05 to trade at $1212.55 a troy ounce.

GBP/LKR was up 0.90% to 187.310, while USD/LKR rose 0.72% to 149.780.

The US Dollar Index was up 0.34% at 100.29.

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