Friday Jul 11, 2025
Thursday, 7 June 2012 09:07 - - {{hitsCtrl.values.hits}}
Reuters: Sri Lankan stocks fell on Wednesday in thin trade, hitting a 23-month low as the interest rate outlook weighed on the market.
The main index fell 10.85 points to 4,737.75, its lowest since July 19, 2010.
Short term T-bill yields edged down at a Wednesday auction, but the 364-day T-bill yield edged up, raising investor concerns over the interest rate outlook.
“Interest rates are a concern and we don’t see the buying support,” said a broker, who declined to be identified.
Foreign investors however were net buyers of 48.8 million rupees ($374,700) worth of shares on Wednesday, extending the net foreign inflow to 22.6 billion rupees this year. Turnover was 246.4 million rupees, well below the daily average of 979.8 million rupees this year.
The rupee strengthened to 130.00/35 against the dollar from Tuesday’s close of 130.50/60 as a state-owned bank sold dollars at 130.Sri Lanka’s central bank said last week it believed the rupee would stabilise at levels stronger than 125 to the dollar.
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.
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.