Mon, 30 Jan 2023 Today's Paper

Shares fall on profit-taking in banks

6 June 2017 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares fell in thin trade yesterday on profit-booking in banking stocks while investors assessed the impact of recent deadly floods on exchange rate and inflation.
Analysts said it is too early to evaluate the real impact of the floods and landslides caused by the worst torrential rains in 14 years, killing over 200 people and devastating crops.

The Colombo stock index ended 0.19 percent weaker at 6,676.32, its lowest close since May 31. The bourse fell 0.13 percent last week, its second straight weekly drop.
Turnover was Rs.395.4 million, less than half of this year’s daily average of Rs.893.8 million.
Inflation could rise in the short term, especially due to crop damages and difficulties in distributing fresh food produce and staple food items, analysts said.
“It was a quiet market today. We expect the market to consolidate at these levels until we see some strong foreign buying coming into the market,” said Softlogic Stockbrokers Deputy CEO Hussain Gani.
Foreign investors were net buyers of Rs.101.8 million worth of shares, extending the year-to-date net foreign inflow to Rs.19.65 billion.
Shares of Nanda Investment PLC fell 16.46 percent, Lanka ORIX Leasing Co PLC declined 1.86 percent, Ceylon Cold Stores PLC dropped 1.48 percent and Sri Lanka Telecom PLC shed 1.52 percent. 

 


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop 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




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick