Stock market falls 2% | Daily News


Stock market falls 2%

On January 8 the Colombo Stock Exchange traded at values 2 percent below the values of the previous day.

This represents an approximate Rs 56 billion in market value lost. 17 stocks contributed positively to the value of the market while 167 stocks contributed negatively to the value of the stock exchange.

Index heavyweights LOLC and related companies, Hatton National Bank, Distilleries Corporation, Dialog, and John Keells Holdings all had a negative impact on market valuation.

Notable declines of 6 and 8 percent respectively were seen in Access Engineering and Lanka Indian Oil Company. This is in spite of statements by the treasury secretary S R Attygalle that there would be a continuation with the fuel price formula.

Turnover was Rs 624 million.

The stock exchange is shortly expected to delink the Central Depository System from the trading system.

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