Sri Lankan stocks end down, foreign selling in JKH
ECONOMYNEXT – Sri Lankan stocks closed lower Monday in thin trade with foreign selling seen in John Keells Holdings, brokers said.
The benchmark All Share Price Index fell 1.25 points (0.02%) to close at 6,142.65 while the more liquid SP SL20 index closed at 3,308.39, down 13.86 points (0.42%). Turnover was a low Rs296 million.
Bartleet Religare Stockbrokers said the benchmark index was dragged down by losses in Dialog Axiata and Commercial Bank which have a heavy weighting on the index.
JKH accounted for the highest turnover and the highest net foreign outflow. The stock closed unchanged at Rs138.
Foreign buying was highest in Lanka Milk Foods which closed unchanged at Rs160.
(COLOMBO, 6 August, 2018)