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Sri Lankan stocks close down 0.4-pct

ECONOMYNEXT – Sri Lankan stocks closed lower Monday with turnover at moderate levels and foreign buying in Sampath Bank while foreign selling continued in John Keells Holdings, brokers said.

The All Share Price Index closed at 6,043.49, down 25.73 points (-0.42%) while the more liquid SP SL20 index fell 21.61 points (-0.68%) to end at 3,172.38. turnover was 570 million rupees.

Asia Securities said there was only one crossing or off-market negotiated deal in Melstacorp.

Foreign investors were net sellers of 231 million rupees worth of shares.

Estimated net foreign buying was highest in Sampath Bank and selling highest in JKH.

In the foreign exhange market, the rupee weakened to 179.00/20 to the US dollar from 178.70/85 last week.

(COLOMBO, 10 December 2018)

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