Fri, 29 Mar 2024 Today's Paper

Shares snap 8-session rally; rupee falls

By

23 July 2019 10:16 am - 0     - {{hitsCtrl.values.hits}}

A A A

(Colombo) REUTERS: Sri Lankan shares closed lower yesterday, snapping an eight-session gaining streak, as investors booked profits, while the rupee weakened on higher importer 
dollar demand. 


The country’s benchmark stock index ended down 0.97 percent at 5,659.77.


The index is down about 6.49 percent so far this year.


The country’s stock market had a turnover of Rs.209.4 million, nearly a third of this year’s daily average of about Rs.608.5 million so far. Last year’s daily average came in at Rs.834 million.


Foreign investors bought a net Rs.14.4 million worth of shares, extending the year-to-date net foreign inflow to Rs.1.49 billion worth of equities so far this year, index data showed.


Among the prominent losers are conglomerate John Keells Holdings PLC, which fell 1.8 percent, Carson Cumberbatch PLC, down 7.3 percent, the country’s biggest listed lender Commercial Bank of Ceylon, shedding 0.9 percent, Nestle Lanka PLC, losing 5.2 percent and Dialog Axiata PLC, ending 1.8 percent weaker.


Meanwhile, the currency ended 0.09 percent weaker at 175.90/176.00 per dollar, compared with Friday’s close of 175.75/85, as importer demand for the greenback outpaced the dollar selling by banks.

The rupee is up 3.81 percent so far this year. 


The Central Bank left key interest rates unchanged on July 11 as expected, after cutting them in May to support the economy as tourism and investment plummeted in the wake of deadly suicide bombings in April. 


Foreign investors bought a net Rs.1.22 billion worth of government securities in the week ended July 17 but the market has seen a year-to-date net foreign outflow to Rs.18.46 billion, the Central Bank data showed. 

 


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

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

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 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

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H