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Sri Lanka stocks down, block deal in Sampath Bank

Oct 23, 2017 | 19:34 PM

ECONOMYNEXT – Sri Lankan shares ended weaker Monday with a crossing or off-the-floor negotiated block deal in Sampath Bank accounting for just over half the turnover, brokers said.

The All Share Price Index fell 2.14 points (0.03%) to 6,570.56 while the more liquid SP SL20 index closed down 4.28 points (0.11%) at 3,827.14. Turnover was just over Rs1 billion.

First Capital Equities said both turnover and volume increased owing to high foreign participation which led to a marginal net foreign inflow into the market, although low compared to the previous week’s closing levels.

Foreign buying was mainly in Chevron Lubricants Lanka and National Development Bank while foreign selling was mainly in Tokyo Cement and John Keells Holdings.
(COLOMBO, October 23, 2017)

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.