Sri Lankan stocks down, tuna exporter soars
Oct 19, 2017 18:11 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lankan shares ended lower for the third day Thursday with foreigners net buyers, buying into John Keells Holdings while retail interest was seen in tuna exporter Tess Agro which gained sharply, brokers said.
The All Share Price Index fell 16.59 points (0.25%) to close at 6,555.46 while the more liquid SP SL20 index ended at 3,827.59, down 20.39 points (0.53%). Turnover was Rs 1,070 million.
Asia Securities said retail activity was seen in stocks like Chevron Lubricants Lanka, Tess Agro PLC and Sampath Bank.
Tess Agro, which exports tuna fish and operates a cold chain storage facility, was the most traded stock and one of the highest gainers, ending at Rs1.50, up 15%
First Capital Equities said the market drifted lower during the day with both turnover and volume down, while a low foreign participation led to a meagre net foreign in flow into the market.
Foreign buying was mainly in JKH while selling was mainly in Chevron Lubricants Lanka, People’s Leasing Company and National Development Bank.
(COLOMBO, October 19, 2017)