Thu, 05 Aug 2021 Today's Paper

Shares end flat as policy uncertainty continues to weigh

10 January 2017 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares were little changed yesterday after hitting a nine-month low last week as uncertainty over the government’s monetary and budget policies continued to weigh on the market.
But foreign investors were net buyers yesterday for a second session after five straight sessions of net-selling through Thursday. They bought a net Rs.152.7 million worth of equities yesterday, the highest since December 8. However, foreign investors have been net sellers to the tune of Rs.817.03 million so far this year.
The Colombo stock index ended 0.04 percent up at 6,155.52, slightly above the lowest since April hit on Thursday. Last week the index fell 0.64 percent and was down 9.7 percent for 2016, its second straight annual decline.
The day’s turnover was at Rs.843.6 million.

“Net foreign inflow is a good sign and it will help regain the lost confidence,” said First Capital Equities (Pvt.) Ltd Head of Research Dimantha Mathew.
Yields on treasury bill auctions rose five to six basis points at a weekly auction on Wednesday, a day after the Central Bank governor signalled reduced intervention to defend the currency.
Shares in Hemas Holdings PLC rose 1.9 percent, while Teejay Lanka PLC gained 3.69 percent and Ceylon Tobacco Company PLC added 0.33 percent.

 

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