Colombo stocks in a slumber to finish the week

June 22, 2018 (LBO) – The Colombo Stock Exchange finished the week with not a bang, but a whimper. Stocks finished flat with both major indices (ASPI and S&P SL 20) closing almost unchanged.

Turnover was very light at Rs277mn (US$1.7mn).

The recent trend of foreign selling continued with today’s net foreign sales of Rs72mn (US$450,000)

The market traded in a tight range with very little volume leaving participants to compare it to watching the proverbial paint dry.

For the week, the ASPI was down 1.6% and the S&P SL 20 was down 2.8%.

Net foreign selling for the week was Rs160mn (US$1mn).

Next week is the last trading week of the quarter.