Sri Lankan stocks end lower, foreigner sell

ECONOMYNEXT – Sri Lankan stocks closed lower on Wednesday with turnover boosted by a crossing or off-the-floor negotiated deal in Tokyo Cement, while foreign investors were net sellers, brokers said.

The All Share Price Index fell 24.53 points (0.38%) to end at 6,361.03, while the more liquid SP SL20 index closed at 3,676.23, down 7.27 points (0.20%). Turnover was 1.5 billion rupees.

The ASPI is up 2.1 percent this year, while the SP SL20 is up 5.1 percent.

Asia Securities said crossings accounted for 64 percent of turnover. Most of it was from one crossing of 12.6 million shares at 72.10 rupees in Tokyo Cement, which closed at 71.60 rupees, down 50 cents. The stock is up 45 percent this year.

Asia Securities said foreign investors were net sellers of 263.8 million rupees worth of shares, with estimated net foreign selling topping in Aitken Spence. Estimated net foreign buying was mainly in John Keells Holdings.
(COLOMBO, Sept 6, 2017)

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