Stocks slip from 3-year high on profit-taking

Tuesday, 26 August 2014 11:22 - - {{hitsCtrl.values.hits}}

Reuters: Stocks fell on Monday, ending a five-day gaining streak, to slip from a three-year high hit in the previous session as investors booked profits in conglomerate John Keells Holdings Plc, brokers said. The main stock index ended down 0.34%, or 23.99 points, at 6,984.03, easing from its highest close since 18 August 2011 hit on Friday. The index has gained 18.12% so far this year. There was a bit of profit-taking which dragged the market, said a stockbroker, asking not to be named. Market heavyweight John Keells Holdings fell 0.82% to Rs. 243. United Motors Plc, which traded after a two-for-three share split led the fall in the index, plunging over 31% to Rs. 101.20 a share. Monday’s turnover stood at Rs. 1.2 billion ($ 9.22 million), in line with this year’s daily average. The Bourse saw a net foreign inflow of Rs. 445.1 million on Monday, extending the year-to-date net foreign inflow to Rs. 7.52 billion worth of shares.

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.