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Sri Lanka stocks fall, foreigners buy

ECONOMYNEXT – Sri Lankan stocks fell for the third straight day but foreigners continued to buy, brokers said.

The All Share Price Index lost 9.87 points or 0.14 percent to close at 7,030.45 while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, gained 1.96 points (0.05 percent) to close at 3,783.13.

Daily market turnover was 825 million rupees, with a single crossing or off-the-floor negotiated deal of a million shares of Overseas Realty at 22.00 rupees.

“Foreigners were net buyers today for the second consecutive day, recording a net foreign inflow of 206 million rupees,” SC Securities said.

So far, there has been a cumulative net foreign inflow of 395 million rupees in the month of October, they said.

Brokers Lanka Securities said Colombo City Holdings hit a 52-wweek high of 930 rupees, but closed at 925 rupees, up 33 percent after it announced it plans to sell a land and building in the prime Colombo 02 area.  (Colombo/October 15 2015)

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