FIRST CAPITAL’S HEAD OF RESEARCH DIMANTHA MATHEW SPEAKS TO REUTERS
Mon Jun 19, 2017
Sri Lankan shares hit a near one-week closing low in tepid trade on Monday, as selling in diversified and banking shares offset foreign inflow into equities.
The Colombo stock index ended down 0.52 percent at 6,684.02, its weakest since June 14.
Foreign investors net bought 26.7 million rupees ($174,396) worth of shares, extending the year-to-date net foreign inflow to 20.74 billion rupees.
Turnover was 846.3 million rupees ($5.53 million), less than this year’s daily average of 899.4 million rupees.
“Market came down on selling in Keells,” said Dimantha Mathew, head of research, First Capital Holdings PLC.
Shares of conglomerate John Keells Holdings Plc fell 3.03 percent, while the country’s biggest listed lender, Commercial Bank of Ceylon Plc, ended 1.43 percent lower.
“Investors are (also) worried about growth numbers,” he said.
Sri Lanka’s economy grew 3.8 percent in the first quarter, slowing from the previous quarter’s 5.3 percent, the state-run Census and Statistics Department said last week.
($1 = 153.1000 Sri Lankan rupees) ($1 = 153.1000 Sri Lankan rupees) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Biju Dwarakanath)
The company operates in the capital markets of Sri Lanka in government securities – treasury bills and bonds, stock brokering and share market investments, asset management, private wealth management, retirement planning, personal financial planning, unit trust, margin trading, capital market research, trustee services, corporate finance advisory services including corporate debt structuring (debentures, trust certificates, commercial papers), valuations, restructuring, mergers and acquisitions, initial public offerings (IPOs) and project advisory.
The First Capital Group consists of First Capital Treasuries PLC, First Capital Limited, First Capital Markets Limited, First Capital Asset Management Limited and First Capital Equities (Private) Limited covering Colombo, Negombo, Matara, Kandy and Kurunegala.<