Sri Lanka stocks end down, foreign investors remain buyers

ECONOMYNEXT – Sri Lankan stocks ended weaker Wednesday but foreign investors remained net buyers, albeit at a more muted level, brokers said.

The benchmark All Share Price Index closed at 6,417.41, down 23.50 points or 0.36% while the more liquid S&P SL20 index edged up 1.59 points or 0.04% to close at 3,697.87. Turnover was Rs780 million.

SC Securities said the ASPI was dragged lower mainly by losses in stocks like John Keells Holdings, Carson Cumberbatch, Colombo Dockyard and Ceylon Cold Stores.

“Foreigners took the position of net buyers for the day, recording a net foreign inflow of Rs98 million for the day,” they said.

Sampath Bank accounted for the highest turnover for the day of Rs279.5 million, followed by JKH.
(COLOMBO, August 16, 2017)

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