Sri Lankan shares end down, turnover at 6-week low

EconomyNext – Sri Lankan shares ended lower Thursday with turnover sinking to a six-week low in dull trade but with foreign investors continuing to buy, brokers said.

The All Share Price Index fell slightly by 1.12 points to end at 7,109.07 while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, lost 1.91 points to close at 4,068.83.

Turnover fell to a six week low of 492 million rupees with no crossings or off-the-floor negotiated deals, Lanka Securities said.

"Eastern Merchants, Regnis Lanka and Sanasa Development Bank were heavily traded," they said.

John Keells Holdings shares and warrants drew heavy investor interest with the main share rising to 210.00 before closing lower at 207.00, up 1.2 percent while warrant 23 closed at 44.50 and Warrant 22 closed at 31.90, both barely changed.

Foreign investors were net buyers for the eighth consecutive day with a net inflow of five million rupees and foreign participation at 24 percent, the brokers said.

Net foreign inflows were seen in John Keells Holdings, Laugfs Gas and Overseas Realty while net foreign outflow was mainly seen in Seylan Bank.