Sri Lankan stocks end down 0.3-pct
COLOMBO, Dec 09, 2014 (EconomyNext) – Sri Lankan stocks fell again in choppy trade with Commercial Bank drawing the most interest, brokers said.
The All Share Price Index closed at 7,217.94, down 23.52 points while the S&P SL20 index, which tracks the top 20 largest and most liquid stocks on the Colombo Stock Exchange, ended at 4,063.70, up 0.1 percent or 4.38 points.
Turnover was a low 791 million rupees with foreign investors turning net sellers after weeks of buying although activity was at reduced levels.
Bartleet Religare Stockbrokers said the turnover was dominated by high value counters. Commercial Bank posted the highest revenue in the banking sector and secured the top slot in market turnover.
"The market was influenced by thin volumes of Ceylon Tobacco Company."
Retail investors were quiet and foreigners were net sellers for the day posting a net foreign outflow of 106.82 million rupees.