Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Colombo Stock Exchange (CSE) turnover starts the week at embarrassing levels

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.