Bourse ends steady

Wednesday, 7 September 2016 00:01 - - {{hitsCtrl.values.hits}}

Reuters: Shares ended steady in thin trade on Tuesday, hovering near a more than three-week closing low hit in the previous session, as investors largely stayed on the sidelines, stockbrokers said.

The benchmark Colombo stock index edged up 0.02% to 6,524.46, hovering near its lowest close since 12 August hit on Monday. The bourse fell 0.2% last week, posting its second straight weekly loss.

Foreign investors, who have net sold shares worth Rs. 2.78 billion ($19.13 million) so far this year, bought a net Rs. 157.5 million worth of shares on Tuesday.

Turnover stood at Rs. 449.3 million rupees, less than this year’s daily average of Rs. 753.9 million rupees.

“Investors are on a wait and see mode with profit-taking here and there,” said First Capital Equities Ltd Head of Research Dimantha Mathew.

Gains led by shares of Ceylon Cold Store Plc and Hemas Holdings Plc, which rose 1.5% and 2.6% respectively, were offset by losses led by conglomerate John Keells Holdings Plc, which fell 1.25%.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.