Shares fall to one-week low

17 September 2015 02:55 am - 0 - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares ended at one-week low yesterday, falling for a second straight day as investors turned cautious amid a weakening rupee and an upward trend in market interest rates.
The main stock index ended down 0.21 percent or 15.03 points at 7,137.40, its lowest since September 8.
Turnover stood at Rs.771.3 million well below this year’s daily average of Rs.1.12 billion. The turnover has been about half of this year’s daily average since August 31, stock exchange data showed.
SC Securities (Pvt.) Ltd in a investor note said the fall was “due to lack of any clear direction.”
Analysts said investors were awaiting to see how the government is going to bridge the budget deficit and where the revenue is going to come in its October budget.
A weak rupee curbed investor risk appetite and rising market interest rates also hit sentiment, with T-bill yields at their highest in more than five months at the last auction.
Foreign investors were net buyers of Rs.46.6 million worth of shares, but they have been net sellers of Rs.2.97 billion worth of equities so far this year.
Shares in Lanka ORIX Leasing Co PLC fell 5.48 percent, while People’s Leasing & Finance PLC fell 4.24 percent.

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

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.

Shares fall to one-week low

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Street food vendor arrested for verbally harassing foreigner

New Visa procedure implemented

Racing event tragedy leaves seven dead including eight-year-old child

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

Two racing drivers arrested over Fox Hill tragedy

Former MP Palitha Thewarapperuma dies from electrocution

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

No footboard riding allowed, no liability for accidents: Railways Department

Six patients claim Rs.600 million from Keheliya and others for permanent loss of sight

SLPP, UNP initiates action for forming broad alliance

Here is the way!

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident