Bourse at 8-week low in light trade

02 Nov 2012 - {{hitsCtrl.values.hits}}

Sri Lankan stocks eased to their lowest in eight weeks yesterday in light trade. Retail investors sold bank and finance shares but many stayed away, waiting for direction from next week’s budget and corporateearnings.

The rupee edged weaker on importers’ demandfordollars,dealerssaid.

The Colombo Stock Exchange’s main index fell 0.35 percent, or 19.10 points, to end at 5,494.54, its lowest since Sept. 6.

The government will present the 2013 budget on Nov.8 while several companies will releasequarterlyresultsnextweek.

Turnover on the Sri Lanka exchange was 138.2 million rupees ($1.06 million), well below this year’s daily average of 919 million rupees.

Foreigners bought a net 13.3 million rupees worth of shares, extending the net foreign inflow so far this year to 33.9 billion rupees.

The rupee ended weaker at 130.30/40 to the dollar from Wednesday’s close of 130.20/25.

(Source : REUTERS)

Stock

Bourse at 8-week low in light trade

Most Popular Articles

Sri Lanka’s IMF reserve target comes under pressure: KPMG

Sri Lanka explores local gold refinery as IMF regulations delay import tax relief for jewellers

CSE ends lower as turnover falls to year’s lowest, ASPI holds key support

HMD introduces latest range of feature phones to Sri Lanka

CSE opens the week lower as broad-based selling offsets strong institutional activity

Crossings dominate market activity as ASPI extends decline

Latest News

Sri Lanka passport rises to 94th in 2026 Henley Index

Strong wind advisory issued for several areas

DAPH calls for coordinated plan to eliminate rabies by 2030

Criminal record or false info could permanently block US entry: Embassy

Tunnel collapse in India kills 12 workers