Sri Lankan stocks down, foreign buying in HNB

ECONOMYNEXT – Sri Lankan stocks closed lower Wednesday, down for the third straight day, with foreigners net buyers and a couple of block deals boosting turnover, brokers said.

The All Share Price Index closed at 6,483.65, down 1.92 points (0.03%) while the more liquid S&P SL20 index fell 0.89 points (0.02%) to close at 3,631.72.

Turnover was Rs1.2 billion with block deals in John Keells Holdings and Union Assurance, Bartleet Religare Stockbrokers said in a report.

JKH topped the turnover list accounting for 25% of total turnover with a deal of 1.1 million shares at Rs162.50, the price at which it closed, down 50 cents.

There were two deals of almost 1.4 million UAL shares at Rs210. The stock closed at Rs194.40, up Rs5 or 2.6%.

Foreign buying was highest in Hatton National Bank with over 500,000 shares traded. HNB closed at Rs 242.10, up 10 cents.

There was foreign selling in Commercial Bank, Dialog Axiata, Hemas Holdings and JKH.
(COLOMBO, May 09, 2018)

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