Shares slip from over 3-wk high on foreign selling

2018-09-06 00:01:31

(Colombo) Reuters: Sri Lankan shares ended slightly weaker yesterday, snapping a five-session winning streak, on foreign selling.

However, the day’s turnover was Rs.365.5 million, much lower than this year’s daily average of Rs.804.1 million.

The Colombo stock index ended 0.13 percent weaker at 6,120.29, slipping from its highest close since August 13.

“Foreign selling in Keells brought the index down. But we see some positive signs of local buying,” said Softlogic Stockbrokers Deputy CEO Hussain Gani.

Foreign investors sold a net Rs.46.9 million of shares on Wednesday, extending the net outflow so far this year to Rs.4.3 billion worth of shares.

John Keells Holdings fell 0.4 percent, while large cap Ceylon Tobacco Co ended 1.8 
percent weaker.

  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Name is required

Email is required
Comment cannot be empty

DFCC Bank’s IT Subsidiary, takes centre-stage at 2018 NBQSA Awards for 3 stellar digital solutions

Monday, 12 November 2018 16:20

SYNAPSYS, the Fintech subsidiary of DFCC Bank, won 3 Merit awards for its products - VInnovate (Appl

HSBC to fuel the Creators of Cheer this Season

Monday, 12 November 2018 11:35

With the festive season fast approaching, HSBC has already begun to spread some holiday cheer by rol

Unilever Bags Gold at Presidential Environment Awards 2018

Monday, 12 November 2018 11:03

Unilever Sri Lanka’s Ceytea Factory was recognized for its contribution towards environmental

More News