Sri Lankan shares end down for sixth day
EconomyNext – Sri Lankan shares sank for the sixth straight trading day Monday with turnover thin but foreign investors remaining net buyers, brokers said.
The All Share Price Index ended at 7,136.33, down 47.17 points (0.66 percent), while S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, lost 12.37 points (0.30 percent) to end at 4,084.68.
Turnover was a low 645 million rupees with John Keells Holdings the top contributor with 293 million rupees supported by several crossings or off-the-floor negotiated deals where 1.2 million shares changed hands at 205.00 per share.
Lanka Securities said the ASPI has fallen 2.3 percent so far during the month while the S&P SL 20 index is down 0.76 percent.
"The market started to drop from 11th February 2015 amid rising T-Bill rates and the main index lost 223 points or three percent since then," it said.
"The T-Bill yields started rise sharply since mid-February which negatively impacted the equity market performances."
Shares of First Capital Holdings, Entrust Securities and Regnis Lanka were traded heavily Monday.
Net foreign inflows were seen in John Keells Holdings, Asiri Hospital Holdings and Hatton National Bank while net foreign outflow was mainly seen in Keells Food Products, Lanka Securities said.
Singer Sri Lanka announced that its chairman Hemaka Amarasuriya will be retiring on 31st March 2015 and Saman Kelegama nominated as his successor with effect from 01st April 2015.