Bourse slips from over 1-week high on political woes
Reuters: Sri Lankan stocks ended slightly lower on Tuesday after hitting a more than one-week high in the previous session as political uncertainty weighed on sentiment despite foreign inflows.
The main stock index edged down 0.21%, or 15.02 points, to 7,311.29, snapping a three-session winning streak.
Ceylon Tobacco Co Plc fell 1.56% with only 55 shares changing hands.
Turnover was Rs. 1.25 billion ($ 9.41 million), below this yearâ€™s daily average of 1.43 billion rupees.
Parliamentary election is expected to be announced after 23 April and there is still uncertainty whether the ruling coalition would contest together or separately.
Foreign investors were net buyers of Rs. 434.5 million worth of shares on Tuesday, extending the year-to-date net foreign inflow to Rs. 1.79 billion.
The bourse saw a net foreign inflow of Rs. 22.07 billion in 2014. ($ 1 = 132.9000 Sri Lankan rupees)