Sri Lanka stocks close down 0.3-pct; Continued foreign outflow

Feb 15, 2016 – Sri Lanka’s stocks closed down at 0.27 percent for a seventh continuous session with continued foreign selling and some institutional participation witnessed, brokers said.

The Colombo benchmark All Share Price Index (ASPI) closed 16.83 points down at 6,266.17 down 0.27 percent. 6,266.17-16.83-0.27%

The S&P SL20 closed 4.70 points down at 3,260.24 down 0.14 percent.

Turnover was 491 million rupees with 30 stocks closing positive against 125 negative.

“More institutional participation was seen as appose to retail but through the market,” S C Securities said.

“Foreign out flow January to date has been approximately 2.5 billion rupees.”

The main index was dragged down by losses in Nestle Lanka closing down at 200,000 rupees, down 25.00 rupees and Dialog Axiata closing at 10.00 rupees, down 0.10 rupees.

Active trading was seen in some of the banks with Commercial Bank closing flat at 125.00 with one crossing of 200,000 shares at 125.00 rupees and Sampath Bank closed at 233.70 rupees, down 1.00 rupees.