Colombo shares post high turnover, drops on policy rate increase

Business

The Colombo Stock Exchange (CSE) indices dipped on Thursday on high turnover on the back of policy rate hikes by the Central Bank in the morning.

The All Share Price Index (ASPI) was down marginally after three days of continuous gain falling by 101.22 points (0.75 per cent) to close at 13,361.17 points. The Standard and Poor’s Sri Lanka 20 (S&P SL20) index was down 14.04 points (0.3 per cent) to close at 4,609.91.

The turnover sprung back stronger than yesterday to Rs. 7.077 billion owing to 55 million shares crossing in LOFC which fetched Rs.1.5 billion. Retailers also collected shares in LOFC.

Expolanka, Senkadagala Finance, Commercial Leasing and Finance and LOLC saw profit-taking.

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