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Bourse ends week in the red Vote_lcap16%Bourse ends week in the red Vote_rcap 16% [ 43 ]
Bourse ends week in the red Vote_lcap21%Bourse ends week in the red Vote_rcap 21% [ 58 ]
Bourse ends week in the red Vote_lcap30%Bourse ends week in the red Vote_rcap 30% [ 83 ]
Bourse ends week in the red Vote_lcap34%Bourse ends week in the red Vote_rcap 34% [ 93 ]

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bourse ends week in the red

Bourse ends week in the red

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sriranga

sriranga
Co-Admin

COLOMBO, March 28 (Reuters) - Sri Lankan stocks dipped for the third straight session on Thursday on fianncial year settlements for many listed firms, while many investors stayed on the sidelines on worries over upward pressure on interest rates.

The main index ended 0.16 percent, or 9.31 points weaker at 5,735.68, its lowest level since March 20.

'The market is down on year-end settlements and book balancing,' said a stockbroker on condition of anonymity. 'High interest rates are also hurting sentiment.'

The financial year for some of the main listed companies ends on March 31.

Yields in T-bills rose for the fourth straight week at Monday's auction even though the central bank had kept its key policy rates unchanged for a third month in a row.,

Turnover was 2.04 billion rupees ($16.08 million), twice this year's daily average of 1.01 billion rupees.

Foreign investors were net sellers of 33.8 million rupees worth of shares, but they have been net buyers of 4.92 billion rupees worth of shares so far this year.

The rupee firmed slightly at 126.80/85 to the dollar, from Wednesday's close of 126.85/90, dealers said.

Both the stock and money markets are closed for a holiday on Friday.

($1 = 126.8750 Sri Lanka rupees)

(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Ron Popeski)

(ranga.sirilal@thomsonreuters.com)(+94-11-232-5540)

(Reuters Messaging: ranga.sirilal.thomsonreuters.com@reuters.net)(twitter.com/rangab a)
http://www.xe.com/news/2013/03/28/3279189.htm

http://sharemarket-srilanka.blogspot.co.uk/

2Bourse ends week in the red Empty Bourse ends week in the red Fri Mar 29, 2013 1:14 am

CSE.SAS

CSE.SAS
Global Moderator

The Colombo bourse closed the three-day week in negative territory with both indices in the red.

The All Share Price Index fell 0.16 percent, down 9.31 points to close at 5,735.68 while the S&P SL20 closed at 3,293.57, down 0.19 percent, 6.30 points lower.

Turnover amounted to Rs. 2.04 billion on a little more than 168.22 million shares changing hands during the day.

Foreign selling, amounting to Rs. 629 million, outpaced buying which amounted to Rs. 595.23 million.

There were several crossings involving JKH, Commercial Bank, National Development Bank, Tokyo Cement, PCH Holdings and ASIY.

SEMB recorded the biggest gain, up 28.57 percent to 80 cents. IDL gained 27.62 percent to close at Rs. 199.

SELI closed 16.26 percent lower at Rs. 1000.10 while CHL closed 15.04 percent lower at Rs. 75.10.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=75704

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