ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange (CSE) closed down on Wednesday, data on its site showed.
The All Share Price Index slid 1.87 percent, or 414.98 to 21,826.59 while the more liquid S&P SL20 closed 1.75 percent, or 107.13 points lower, at 6,030.66.
Top negative contributors to the ASPI were Ceylinco Holdings (down 199.25 rupees at 3,000 rupees), Melstacorp (down 4.75 rupees at 175.25 rupees), Commercial Bank (down 3.50 rupees at 198 rupees), Senkadagala Finance (down 85.50 rupees at 1,114.50 rupees), and Bukit Darah (down 66 rupees at 1,029.50 rupees).
Construction sector shares, which attracted investor interest in the past two sessions due to possible reconstructions following damages caused by Cyclone Ditwah, traded down on Wednesday.
Tokyo Cement (Lanka) closed 2.10 rupees lower at 98.90, Access Engineering dipped 1.30 rupees to 71.30 and Sierra Cables traded 70 cents weaker at 32.20 rupees.
Market turnover continued its fall from 4 billion rupees on Tuesday to 3.7 billion rupees while the share volume was 171,278,806.
Sri Lanka’s Hemas Holdings has appointed Ajith Fernando as its chairman. His appointment will be effective from January 1, following the retirement of Husein Esufally on December 31, the company said.
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Among equity markets in Asia, Japan’s Nikkei 225 index ended higher as “heavyweight technology shares rose notably following Wall Street gains amid expectations that the Federal Reserve will cut interest rates at a monetary policy meeting next week,” Japan’s Mainichi newspaper said.
The index closed 1.14 percent marginally higher at 49,864.68 on Wednesday.
Pakistan’s Karachi Stock Exchange 100 dipped 0.85 percent to 166,220.81.
India’s Nifty 50 index moved 0.18 percent lower to close at 25,986.00, while the BSE Sensex traded 0.037 percent weaker at 85,106.81.
As at 3.45 p.m Sri Lankan time, spot gold was trading at 4,203.36 US dollars, up 0.42 percent. (Colombo/Dec03/2025)
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