Sri Lanka stocks down, foreign buying in Wind force

Sri Lanka stocks fell 1.42 percent on Thursday though foreign investors bought 527 million rupees of Windforce Limited, a renewable energy firm which debuted on the market, after a successful 3.2 billion rupee initial public offering.

The Colombo benchmark All Share Price Index fell 105.53 points to close at 7,327.91.The S&P SL20 index of more liquid stocks fell 1.54 per cent or 45.73 points to close at 2,931.59.Turnover was 2.6 billion rupees with 36 stocks gaining and 143 falling.

LOLC Holdings fell 9.75 rupees to close at 319.75 rupees contributing most for ASPI’s fall, Brown and Company fell 5.75 rupees to close at 174.50 and Browns Investment fell 10 cents to close at 6.30 rupees a share.

LOLC Finance closed 20 cents down at 6.10 rupees.Expolanka Holdings fell 1.80 rupees to close at 47.80 rupees a share.Melstacorp Holdings closed 2.10 rupees down at 45.70 rupees a share.

Hayleys Plc closed 2.20 rupees down at 76.20 rupees with key subsidiaries Dipped Products falling 1.20 rupees to close at 56.50 rupees and Haycarb Plc falling 4.00 rupees to close at 104.00 rupees.

John Keells Holdings closed 50 cents down at 146.25 rupees a share and Vallibel One fell 2.10 rupees to close at 56.30 rupees a share The Kingsbury closed flat at 6.10 and Singer Sri Lanka closed 1.10 rupees down at 19.00 rupees.

A 131 million rupees negotiated trading was seen in Windforce at 18.00 rupees a share and the stock Closed 2.50 rupees or 15.63 percent higher, a share at 18.50 rupees after began trading above its price of 16 rupees per share after raising 3.2 billion rupees for wind power projects in Sri Lanka and Senegal.