Stocks slip near 13-week high on large cap sales

08 Jan 2013 - {{hitsCtrl.values.hits}}

Sri Lankan stocks ended virtually unchanged yesterday, marginally down from a 13-week high, snapping seven straight sessions of gains as investors sold large caps, but foreign buying in conglomerates helped to boost turnover.

The main share index closed 0.03 percent, or 1.62 points weaker, at 5,746.09, slipping from its highest close since October 10.

The index has risen 4.19 percent in the seven sessions through Friday due to declining yields in government securities after the Central Bank cut its key policy rates last month.Turnover was Rs.557.5 million ($4.38 million). Foreign investors were net buyers of Rs.199.8 million worth shares after being net buyers of a record Rs.38.63 billion worth shares last year.The rupee closed slightly weaker at 127.35/40 to the dollar from Friday’s close of 127.30/40 in dull trade, dealers said.

Stock

Stocks slip near 13-week high on large cap sales

Most Popular Articles

LAUGFS gas prices remain unchanged

New US tariff could erode Sri Lanka’s export competitiveness: CCC warns

CSE slides sharply as Middle East tensions trigger broad-based selling

Global tariffs and geopolitical shockwaves trigger broad market selloff on CSE

CSE extends losses as geopolitical risks and tariff concerns weigh on sentiment

CSE rebounds as lower oil prices and strong crossings lift sentiment

Latest News

Environmental protection needs public participation beyond laws: Minister

Joint Opposition seeks dialogue with CIABOC chief

Enjoining order sought against occupant over alleged subletting and illegal activities

UAE to unlock billions of dollars for Iran: Reuters

First-ever orthodox bishop ordination ceremony held in Sri Lanka