Sri Lanka stocks close down 0.3-pct: Net foreign out flow 319mn


Oct 29, 2015 (LBO) – Sri Lankan stocks closed down at 0.34 percent on Thursday with losses in index heavy stocks after a two week high, brokers said.

The Colombo benchmark All Share Price Index closed down 23.96 points at 7,070.13 lower 0.34 percent. S&P SL20 closed 12.11 points lower at 3,827.89 down 0.32 percent.

“Institutional participation continued with foreigners becoming set sellers,” Lanka Securities said.

Turnover was 899 million rupees, down 1.1 billion rupees with 38 stocks closing positive against 100 negative.

Six crossings accounted for 51 percent of the day’s turnover.

The main index showed losses in Commercial Bank closing at 156.80 rupees, down 2.20 rupees. Over 1.9 million shares traded with one off the floor trade of over 1.7 million shares at 156.00

John Keells Holdings closed at 179.10 rupees, down 0.70 rupees and Dialog Axaita closed at 11.30 rupees, down 0.10 rupees.

Foreign investors continued to remain on selling side for the second consecutive day where foreigner’s interest on Commercial Bank continued to decrease. Net foreign outflow was 319 million rupees and foreign participation was 41 percent.

Net foreign outflows were seen in Commercial Bank 296 million rupees, , Distilleries 55 million rupees, Commercial Bank non-voting 10 million rupees while net foreign inflow was mainly seen in John Keells Holdings 20 million rupees.