ECONOMYNEXT – Sri Lanka shares were down at close of trading on Thursday.
“It started positively, but then dipped. Retail activity remained on the lower side,” an analyst said.
“A small transaction in Bimputh pushed turnover.”
Turnover was 1 billion rupees.
The main All Share Price Index was down 0.59 percent or 66.35 points to 11,207.98, while the S&P SL20 was down 0.58 percent or 18.38 points to 3,154.43.
Blue chips were active, with institutional participation seen on the big caps.
John Keells Holdings saw gains, while Melstacorp, Commercial Bank and Sampath Bank saw losses.
Trading in the capital goods, utilities and retailing sectors drove turnover.
Sri Lanka’s state revenue has seen a shortfall of 100 billion as of now compared to the revenue target agreed with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said today.
An IMF delegation is in Colombo to do the first review of the performance of the Sri Lankan economy and policies against the committed goals the government agreed.
A drastic deviation could delay the second tranche of a $3 billion loan. However, the government is confident that it has achieved most of the hard goals it agreed with the global lender.