Colombo equities recorded negative returns on Thursday as the index failed to continue the positive momentum gained on the previous session. Concerns on the exchange rates, interest rates and peer market fluctuations drove the investor sentiment down.
Benchmark index shed 23.31 index points (-0.32%) to end at 7,159.94 while 20-scrip S&P SL index declined by 12.41 index points (-0.32%) to close at 3,924.67.
Declines in telecommunication segment stocks, such as Dialog Axiata (closed at LKR 11.30, -1.7%) and Sri Lanka Telecom (closed at LKR 47.00, -1.3%) clipped the index performance. Further, dips in Lion Brewery (closed at LKR 630.40, -3.0%), Ceylon Cold Stores (closed at LKR 370.10, -2.4%) and People’s Leasing (closed at LKR 24.00, -2.0%) impacted the index performance.