Thu, 05 Aug 2021 Today's Paper

Shares edge lower from 3-wk high in dull trade

24 July 2018 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

(Colombo) REUTERS-Sri Lankan shares ended weaker yesterday, slipping from the last session’s three-week closing high but foreign buying prevented steeper losses.


The Colombo stock index ended 0.1 percent weaker at 6,184.68, edging lower from its highest close since June 29 hit on Friday. The bourse rose 0.86 percent last week, but has fallen 2.9 percent year to date.


Turnover was Rs.238.4 million in the session, less than a quarter of this year’s daily average of Rs.877.6 million.


“The selling pressure was absorbed by foreign buying which is a good sign,” said First Capital Holdings Head of Research Dimantha Mathew.


Foreign investors bought equities net worth Rs.98.1 million yesterday but they have been net sellers of stocks worth Rs.2.5 billion so far this year.


A downward revision in economic growth estimate by the Central Bank has hurt sentiment, analysts have said.

Economic growth in 2018 is likely to be between 4 percent and 4.5 percent, falling short of an earlier estimate of 5 percent, Central Bank Governor Indrajit Coomaraswamy said earlier this month. Shares in Ceylon Tobacco Company PLC fell 1.6 percent, while Distillers Company of Sri Lanka PLC ended 1.9 percent weaker and conglomerate John Keels Holdings PLC ended 0.7 percent down.

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.

  Comments - 0

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.

 


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.

Reply To:

Name - Reply Comment




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.

 


Rotary Club of Colombo installs it’s 93rd President at a Virtual Ceremony

Founded in 1929, making it the oldest and also the largest Rotary Club in Sri

Ugly sporting truths Sport scholarships thrive in culture of corruption

Sadly the cohort of perpetrators include egotistical leaders, coaches and eve

JR Jayewardene and the July 1983 Anti-Tamil Violence

July 24, 1983 was the day on which a destructive spree of anti-Tamil violence

“Medamulana Dynasty”: Four Sons and Three Grandsons of Don Alvin Rajapaksa

Basil Rohana Rajapaksa was sworn in as Finance minister in the Government of