Sri Lanka stocks close down 0.2-pct: Net foreign outflow

Dec 04, 2015 (LBO) – Sri Lankan stocks closed down 0.16 percent with losses in index heavy stocks amid low investor activity, brokers said.

The Colombo benchmark All Share Price Index closed down 11.10 points at 6,869.56 down 0.16 percent. S&P SL20 closed 7.54 points lower at 3,638.56 down 0.21 percent.

Turnover was low at 372 million rupees, lower than the daily average of 1.1 billion rupees with 60 stocks closing positive against 62 negative.

“There was net foreign outflow after four consecutive days of inflows,” Lanka Securities said.

The main index showed losses in Nestle Lanka closing at 2,080.20 rupees, 44.00 rupees and John Keells Holdings closing at 180.00 rupees, down 0.70 rupees.

Distilleries Company also closed at 265.00 rupees, down 4.60 rupees.

There was a net foreign outflow of 13 million rupees with foreign participation at 38 percent.