Shares end little changed ahead of national budget

12 November 2016 12:02 am - 0     - {{hitsCtrl.values.hits}}

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REUTERS:  Sri Lankan shares closed nearly unchanged on Thursday in thin trade as investors turned cautious ahead of the national budget, which proposed revisions to corporate and withholding taxes to boost revenue and cut the country’s fiscal deficit target.


The benchmark index of the Colombo Stock Exchange ended 0.05 percent higher, or up 3.23 points, at 6,420.78. The index hit its lowest close since Nov. 1 on Wednesday.
Turnover stood at Rs.294.3 million ($2.00 million), well below this year’s daily average of Rs.711.3 million.


Foreign investors bought stocks for a seventh straight session, picking up shares worth a net Rs.14.8 million. They have net sold Rs.884.5 million worth of shares so far this year.
Shares in Lion Brewery Plc rose 0.94 percent, while the biggest listed lender, Commercial Bank of Ceylon Plc , gained 0.41 percent.

 

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

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