Sri Lankan shares hover at two-month high

COLOMBO (EconomyNext) – Sri Lankan shares ended weaker Friday after reaching a two-month high with foreign investors continuing to sell, brokers said.

The All Share Price Index lost 0.43 points or -0.01% to close at 7,212.47while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, shed 0.92 points (-0.02%) to end at 4,058.62.

Turnover fell to 632 million rupees with no crossings or off-the floor negotiated deals.
The benchmark index was dragged lower by losses in Ceylon Beverage Holdings which fell 12.61% to close at 750.50 rupees along with losses in Cargills, , Dialog Axiata, Union Assurance and Overseas Realty.

First Capital Equities said foreign participation stood at 23% with a net foreign outflow of 100,000 rupees.

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