Sri Lankan stocks close down, foreign selling in JKH

ECONOMYNEXT – Sri Lankan shares closed lower Tuesday with heavy foreign selling in John Keells Holdings boosting turnover to 1.9 billion rupees, brokers said.

The All Share Price Index closed at 6,121.56, down 21.09 points or -0.34% while the more liquid SP SL20 index fell 16.13 points or -0.49% to close at 3,292.26.

Asia Securities said block deals dominated the day’s activity accounting for 75% of the turnover with three crossings or off-the-floor negotiated deals in JKH where foreign investors sold and one each in Ceylinco Insurance and Seylan Bank.

JKH closed at Rs136.50, down Rs1.50 (-1.09%) while Ceylinco Insurance ended unchanged at Rs1,750.

Estimated net foreign buying was highest in Seylan Bank which closed at Rs80.90, up 20 cents (0.25%).
(COLOMBO, 7 August, 2018)

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