Stock market hit by US tariff jitters but day ends on recovery note

Stock market investors panicked and the CSE was slightly volatile yesterday due to the US tariff revision on Sri Lankan exports coming into effect today.

- By Hiran H.SENEWIRATNE

Consequently the market was a bit down during the initial sessions but later recovered and moved to green territory.

The All Share Price Index went up by 87.03 points, while the S and P SL20 rose by 14.1 points. Turnover, stood at Rs 5.6 billion. Seven crossings that were reported yesterday were; Access Engineering 2.9 million shares crossed to the tune of Rs 174 million; its shares traded at Rs 60, JKH five million shares crossed to the tune of Rs 119 million; its shares traded at Rs 23.80.

Melstacope 666,000 shares crossed to the tune of Rs 106 million; its shares traded at Rs 159, Sampath Bank 700,000 shares crossed for Rs 98 million; its shares traded at Rs 140, Union Bank 7.5 million shares crossed for Rs 90 million; its shares sold at Rs 12, NDB 616,000 shares crossed for Rs 83 million and its shares sold at Rs 136 and Central Finance 217,000 shares crossed for Rs 61.9 million; its shares traded at Rs 309.