Mon, 06 Dec 2021 Today's Paper

Shares fall for seventh session in eight; foreigners buy

21 July 2017 09:56 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares fell for a seventh session in eight yesterday and posted their lowest close in a month with blue chips leading the losers.


However, foreign investors bought into risky assets, limiting the downside. The Colombo stock index ended 0.16 percent lower at 6,684.47, its lowest close since June 19, and its fourth straight session of falls.“Turnover was healthy and we still see foreign interest in equities. We see the support level at 6,650,” said Hussain Gani, deputy CEO at Softlogic Stockbrokers. Foreign investors bought shares worth net Rs.346.3 million (US$2.25 million) on Wednesday, extending the year-to-date net foreign inflow to Rs.24.8 billion worth of equities.


Turnover was Rs.1 billion, higher than this year’s daily average of Rs.914.1 million.
Shares of Ceylon Tobacco Company fell 1.6 percent, while market heavyweight John Keells Holdings closed 0.6 percent weaker.

 

  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.

Reply To:

Name - Reply Comment





A Sri Lankan giving dignified burials to unclaimed bodies for five decades

After their death, most people are memorialized at a service, surrounded by g

Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter