Profit taking breaks Sri Lanka stocks rally
Oct 09, 2017 17:55 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lankan stocks closed lower on Monday on profit taking in banks and conglomerates, ending a six-day rally that had taken the market to a more than two-month high, brokers said.
The benchmark All Share Price Index ended 13.21 points (0.20%) lower at 6,515.84, while the more liquid SP SL20 index closed at 3,796.64, down 0.79 points (0.02%).
Turnover was 1,003 million rupees, with crossings or off-the floor negotiated deals accounting for half of it, Asia Securities said. There were three crossings: one in Sampath Bank, and two each in Hatton National Bank and Hemas Holdings.
Foreign investors were net buyers of 225.2 million rupees worth of shares, Asia Securities said.
Estimated net foreign buying was highest in Sampath Bank, while estimated net foreign selling topped in National Development Bank.
(COLOMBO, October 9, 2017)