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Shares end flat; foreign investors turn sellers

3 May 2017 10:27 am - 0     - {{hitsCtrl.values.hits}}

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REUTERS: Sri Lankan shares were largely unchanged in thin trading, near an 11-month high yesterday, as foreign investors turned net sellers for the first time in 26 sessions while blue chips saw profit-booking after a prolonged rise.
Foreign investors net sold shares worth Rs.29.8 million yesterday, but remained net buyers of equities to the tune of Rs.16.4 billion so far this year.
Meanwhile, blue chip shares such as John Keells Holdings Plc , down 0.37 percent, and Commercial Bank of Ceylon Plc , down 0.62 percent, witnessed profit-booking.
The Colombo stock index ended 0.03 percent weaker at 6,608.16, slipping from its highest close since May 20 hit on Friday.

“Short-term profit-taking was there today,” said Dimantha Mathew, head of research, First Capital Holdings PLC.
“The market will continue to be bullish, but will see some profit-taking. The good thing is that we are seeing local investors coming back into the market.”
Turnover stood at Rs.471.5 million (US$3.10 million), nearly half of this year’s daily average of Rs.902 million.

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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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