Services, Construction And Engineering Sectors Lead Shares Lower Today

December 15, 2016

According to Investing.com  Sri Lanka stocks were lower after the close on Thursday, as losses in the Diversified Holdings, Services and Construction & Engineering sectors led shares lower.

At the close in Colombo, the CSE All-Share lost 0.21%.

The best performers of the session on the CSE All-Share were Fortress Resorts Plc (CM:RHTL), which rose 12.95% or 1.80 points to trade at 15.70 at the close. Meanwhile, Ceylon Tea Brokers PLC (CM:CEYL) added 10.81% or 0.400 points to end at 4.100 and EB Creasy and Company PLC (CM:EBCR) was up 10.40% or 130.00 points to 1380.00 in late trade.

The worst performers of the session were Shalimar Estates (CM:SHAL), which fell 24.72% or 568.10 points to trade at 1730.10 at the close. Indo Malay PLC (CM:INDO) declined 23.06% or 329.60 points to end at 1100.00 and Tangerine Beach Hotels PLC (CM:TANG) was down 20.97% or 13.40 points to 50.50.

Falling stocks outnumbered advancing ones on the Colombo Stock Exchange by 98 to 61 and 52 ended unchanged.

Shares in Indo Malay PLC (CM:INDO) fell to 3-years lows; falling 23.06% or 329.60 to 1100.00.

Crude oil for January delivery was up 0.51% or 0.26 to $51.30 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.89% or 0.48 to hit $54.38 a barrel, while the February Gold contract fell 2.69% or 31.25 to trade at $1132.45 a troy ounce.

GBP/LKR was up 0.11% to 189.165, while USD/LKR rose 1.56% to 150.955.

The US Dollar Index was up 0.63% at 102.67.