Shares end weaker; turnover slumps to near 5-month low

(Colombo) REUTERES: Sri Lankan shares ended weaker yesterday and turnover slumped to a near five-month low as investors stayed on the sidelines in the absence of fresh triggers.

The day’s turnover was Rs.119.5 million (US$740,397), the lowest since April 16 and about an eighth of this year’s daily average of Rs.800 million.
The Colombo stock index ended 0.13 percent weaker at 6,112.32.

“It’s a dull day. We saw some retail activities and it was a quiet day,” said Hussain Gani, Deputy CEO at Softlogic Stockbrokers.

Foreign investors sold a net Rs.10.1 million of shares yesterday, extending the net outflow so far this year to Rs.4.3 billion worth of shares.

Ceylon Cold Stores PLC shares fell 3.6 percent, while Dialog Axiata PLC ended 0.8 percent lower.