Sri Lanka stocks end 0.51-pct lower, rupee steady
Jul 09, 2018 18:47 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka stocks fell 0.51 percent on low trading volumes Monday with the All Share index within touching distance of falling below 6,000 points, while the rupee closed steady against the US dollar, brokers and dealers said.
The rupee closed at 159.30/35 rupees against the US dollar in the spot market on Monday, against Friday's closing of 159.20/35 rupees, dealers said.
Gilt yields were closed steady in the secondary market for government bonds.
A five-year bond maturing in 2023 closed unchanged at 10.43/52 percent in two-way quotes.
A ten-year bond maturing in 2028 closed slightly higher at 10.70/85 percent, up from 10.70/80 percent the previous day.
In equities, the Colombo All Share index closed 0.51 percent lower, down 31.39 points to 6,077.32, and the S&P SL20 of more liquid stocks fell a sharp 0.76 percent, down 25.29 points to 3,298.23.
Market turnover was 154.88 million rupees, down from the previous day's turnover of 753.54 million rupees.
Melstacorp (down 3.40 rupees to 50.20 rupees), Distilleries (down 60 cents to 20.50 rupees) and Ceylinco Insurance (down 88.50 rupees to 1,591.50 rupees) contributed to the benchmark index decline on a day that saw 43 stocks gain against 80 that declined.
Net foreign selling was 22.9 million rupees, compared to selling of 161 million rupees the previous day.
Foreign selling was 22 million rupees in John Keells Holdings (unchanged at 142 rupees a share) and 12 million rupees in HNB (down 1.90 rupees to 218.20 rupees), according to Asia Securities. (COLOMBO, 09 July 2018)