Home / Financial Services/ CSE slips from over 3-week high on foreign selling

CSE slips from over 3-week high on foreign selling


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 6 September 2018 00:37


Reuters: Shares ended slightly weaker on Wednesday, snapping a five-session winning streak, on foreign selling.

However, the day’s turnover was Rs. 365.5 million ($ 2.25 million), much lower than this year’s daily average of Rs. 804.1 million.

The Colombo stock index ended 0.13% weaker at 6,120.29, slipping from its highest close since 13 August.

“Foreign selling in Keells brought the index down, but we see some positive signs of local buying,” said Softlogic Stockbrokers Deputy CEO Hussain Gani. Foreign investors sold a net Rs. 46.9 million of shares on Wednesday, extending the net outflow so far this year to Rs. 4.3 billion worth of shares.

John Keells Holdings fell 0.4%, while large cap Ceylon Tobacco Co. ended 1.8% weaker.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.


Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca


The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.


The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R


Columnists More