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Sri Lanka stocks end lower, foreigners net sellers

ECONOMYNEXT – Sri Lanka stocks closed lower Wednesday with foreign investors net sellers, brokers said.

The Colombo All share index closed at 6,519.48, down 35.35 (-0.54%) while the S&P SL20 index of more liquid stocks fell 15.53 (-0.42%) to close at 3,665.52. 

Turnover was Rs1.6 billion, the fourth highest turnover for the year, according to First Capital Equities.

Foreign participation was high with selling in Commercial Bank and Dialog Axiata, and buying mainly in John Keells Holdings.

Total foreign sales outweighed foreign purchases during the trading session leading to a net foreign outflow of Rs183 million, Bartleet Religare Stockbrokers said.

There were six crossings or off-the-floor negotiated deals in Melstacorp, five in Hatton National Bank and one each in JKH, Dialog and Sunshine Holdings. 
(COLOMBO, March 14, 2018)

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