Sri Lanka stocks trend down midday Tuesday

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange indices were trading down on Tuesday midday, CSE data showed, with the benchmark All Share Price Index moving down 0.36 percent.

The ASPI was down 78.75 points at 21,544.91, while the more liquid S&P SL20 was down 0.29 percent, or 17.55 points, at 6,049.00.

Positive contributors to the ASPI were Richard Pieris and Company (up 1.92 percent at 26.50 rupees), Tri-State Asian Partners (up 4.33 percent at 31.30 rupees), Colombo Dockyard (up 1.01 percent at 125.00 rupees), and Vidullanka (up 2.74 percent at 22.50 rupees).

Ceylinco Insurance (down 6.72 percent at 2,900.00 rupees), Hayleys (down 1.16 percent at 235.25 rupees), and Dialog Axiata (down 0.41 percent at 48.60 rupees) were top negative contributors.

Market turnover was 720.4 million rupees. Insurance led turnover with 310.4 million rupees.

Nations Trust Bank is looking to raise 13.8 billion rupees through a rights issue of 3 ordinary non-voting convertible shares for every 22 ordinary voting shares and/or ordinary non-voting convertible shares.

The shares will be offered at 305 rupees each.