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Sri Lanka shares lower at close of trade; CSE All-Share down 0.89%

Published 16/11/2016, 10:45
Updated 16/11/2016, 10:45
© Reuters.  Sri Lanka shares lower at close of trade; CSE All-Share down 0.89%

© Reuters. Sri Lanka shares lower at close of trade; CSE All-Share down 0.89%

Investing.com – Sri Lanka equities were lower at the close on Wednesday, as losses in the Information Technology, Telecoms and Construction & Engineering sectors propelled shares lower.

At the close in Colombo, the CSE All-Share fell 0.89% to hit a new 3-month low.

The biggest gainers of the session on the CSE All-Share were Alliance Finance Company PLC (CM:ALLI), which rose 908.74% or 936.00 points to trade at 1039.00 at the close. Industrial Asphalts (Ceylon) PLC (CM:ASPH) added 17.01% or 54.80 points to end at 377.00 and Muller & Phipps PLC (CM:MULL) was up 9.09% or 0.100 points to 1.200 in late trade.

Biggest losers included Millennium Housing Developers PLC (CM:MHDL), which lost 17.28% or 1.40 points to trade at 6.70 in late trade. Office Equipment PLC (CM:OFEQ) declined 17.25% or 14.20 points to end at 68.10 and Hikkaduwa Beach Resort Ltd (CM:CITH) shed 13.04% or 1.80 points to 12.00.

Declining stocks outnumbered rising ones by 150 to 43 and 44 ended unchanged on the Colombo Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.90% or 0.41 to $45.40 a barrel. Meanwhile, Brent oil for delivery in January fell 0.66% or 0.31 to hit $46.64 a barrel, while the December Gold contract rose 0.00% or 0.05 to trade at $1224.55 a troy ounce.

GBP/LKR was up 0.07% to 184.235, while USD/LKR fell 0.08% to 148.025.

The US Dollar Index was up 0.22% at 100.42.

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