Sri Lanka’s Colombo Stock Exchange was trending lower on Wednesday, a day ahead of the National Budget reading, with the benchmark All Share Price Index moving down 0.27 percent.
The ASPI was down 60.10 points at 22,063.29, while the more liquid S&P SL20 was down 0.28 percent, or 17.76 points, at 6,350.36.
Positive contributors to the ASPI were Dialog Axiata (up 0.61 percent at 49.70 rupees), Distilleries Company of Sri Lanka (up 0.70 percent at 57.40 rupees), Ceylon Cold Stores (up 1.60 percent at 127 rupees), Hayleys (up 0.73 percent at 241 rupees), and Hemas Holdings (up 0.30 percent at 33.10 rupees).
Singer (Sri Lanka) (down 4.26 percent at 76.50 rupees), Richard Pieris and Company (down 2.69 percent at 28.90 rupees), Carson Cumberbatch (down 1.54 percent at 701 rupees), and Janashakthi Insurance (down 4.47 percent at 40.60 rupees) were top negative contributors.
Market turnover was 1.42 billion rupees. The Materials industry group led turnover with 354.73 million rupees.
Dialog Axiata announced a dividend of 0.7 rupees a share.
Ceylon Grain Elevators announced a dividend of 10 rupees a share.
Three Acre Farms announced a dividend of 35 rupees a share.
Asia Siyaka announced a dividend of 0.23 rupees a share.
Source: Economy Next
