Friday, 5 July 2013 00:00
Reuters: Sri Lankan shares, led by market heavyweight John Keells Holdings, weakened on Thursday due to investors’ concerns over the rupee’s weakness, and worries that outflows from government securities could spread to equities.
The share index fell 0.73% to end at 6073.17, its lowest close since 26 June.
Moody’s cut its credit rating outlook for Sri Lanka from positive to stable on Tuesday, adding to the bearish sentiment.
Turnover was at Rs. 738.1 million ($ 5.65 million) on Thursday, less than this year’s daily average turnover of about Rs. 1 billion, according to provisional exchange data. John Keells lost 2.2% to Rs. 253.90.