Bourse ends steady after 2 days of falls; banks up, foreigners sell

Saturday, 27 September 2014 00:10 - - {{hitsCtrl.values.hits}}

Reuters: Stocks steadied on Friday after two straight sessions of losses as profit-taking in blue chips offset gains in banking and palm oil shares, while foreign investors sold risky assets. Stockbrokers expect the rising streak to continue due to lower interest rates and growth optimism. The main stock index ended up 0.01%, or 0.73 points, at 7,233.71, hovering near a more than three-year high close hit on Tuesday. “There will be a temporary correction with the index moving sideways, but the market will go up for the simple reason that there is no other avenue for people to invest,” said an analyst asking not to be named.

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.