June 25, 2018 (LBO) – Colombo stocks started the week slowly with both major Sri Lanka equity indices (ASPI and S&P SL 20) finishing slightly in the red.
Turnover was Rs176mn (US$1.1mn), one of the lowest figures for 2018. Experts say that these levels of turnover depict a market that appears nonfunctional, particularly to foreign institutional investors.
The trend of foreign selling continued with net foreign sales of Rs18mn (US$110,000).
The trading week is shortened with a poya (full moon) day this week. The holiday is likely causing many market participants to be disengaged.