Stocks at 5-week low on telcos; Rupee at 7-week low

20 February 2013 03:16 am - 0 - {{hitsCtrl.values.hits}}

A A A

Sri Lankan stocks fell to a five-week low yesterday, dragged by top mobile phone operator, Dialog Axiata, on the back of a drop in earnings. The rupee slid to a seven-week low against the dollar.

The main share index fell 0.64 percent, or 37.11 points, to end at 5,737.48, its lowest since January 10. Shares of Dialog Axiata fell 2.2 percent to 9.90 rupees. On Monday it reported a 30 percent fall in its December quarter profit.The day’s turnover was 1.52 billion rupees ($11.99 million), higher than this year’s daily average of 1.12 billion rupees. Foreign investors were net buyers of 301.1 million rupees worth of shares on Tuesday, but they have been net sellers of 614.6 million rupees so far this year.

The rupee ended weaker at 127.20/30 to the dollar, its lowest since January 1, from Monday’s close of 126.90/95 due to importer dollar demand, dealers said.

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

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.

Stocks at 5-week low on telcos; Rupee at 7-week low

Comments - 0

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

23 year old youth ends up having his testicles removed

Belgian traveller scammed in Kalutara

New Visa procedure implemented

SL on alert on possible genocide allegations by Canada

Sri Lankan among NASA’s new crew for next simulated Mars journey

Street food vendor arrested for verbally harassing foreigner

MIRROR CRICKET

TODAY'S HEADLINES