Another down week at the CSE; Foreign selling continues

July 7, 2018 (LBO) РSri Lanka stocks finished the week lower.  Socks hit 2018 lows on Wednesday before bouncing on Thursday and Friday.

The ASPI was down 1.4% for the week, while the S&P SL20 was down 1.9%.

Total market turnover was similar to the previous week at Rs2.9bn (US$18mn).

Year to date for 2018, the ASPI is down 4% while the S&P SL20 is down 9.5%.

The trend of foreign selling continued with net foreign sales of Rs900mn (US$5.7mn).

For the year 2018 foreigners have been net sellers of Rs2.2bn (US$14mn) worth of stocks and Rs30bn (US$189mn) worth of bonds which has put some pressure on the Sri Lanka Rupee.