Sri Lanka stocks end weaker, foreigners buy

ECONOMYNEXT – Sri Lankan shares fell Tuesday, their lowest in over four months, with falls in prices of big cap stocks dragging the indices down while foreigners turned net buyers.

The benchmark All Share Price Index ended at 6,395.32, down 25.21 points (0.57%) while the more liquid S&P SL20 index fell 20.92 points or 0.6% to end at 3,678.07. turnover was a low Rs419 million.

Asia Securities said foreign investors were net buyers of Rs 78.4 million worth of shares, with estimated net foreign buying in John Keells Holdings which fell in price.

SC Securities said the indices fell mainly because of falls in prices of stocks like JKH, Melstacorp, Hemas Holdings, Dialog Axiata and Lanka Orix Leasing Company.
(COLOMBO, August 22, 2017)

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