Sri Lanka stocks end weaker

ECONOMYNEXT – Sri Lankan stocks fell for the second straight day Wednesday, closing near a four-month low in thin trade with foreign investors being net buyers, brokers said.

The benchmark All Share Price Index closed 8.53 points lower at 6,390.26, down 0.13% while the more liquid S&P SL20 gained 7.49 points to close at 3,693.59, up 0.20%.

Bartleet Religare Securities John Keells Holdings topped both turnover and volume mainly owing to two crossings or off-the-floor negotiated deals at Rs161.70 a share followed by Commercial Bank and Sampath Bank in which foreign activity was seen.

Foreigners were net buyers of equity, with a net foreign inflow of Rs89 million, mainly in JKH and Chevron Lubricants Lanka while there was foreign selling in Commercial Bank.
(COLOMBO, August 30, 2017)

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