Bourse slips on profit-taking

03 Oct 2012 - {{hitsCtrl.values.hits}}

Sri Lankan stocks ended weaker yesterday for a second straight session as investors booked profits from an overbought market, while the rupee slipped from a more than four-month high.

The Colombo Stock Exchange’s main index dropped 0.6 percent or 35.76 points to close at 5,928.53.

The exchange has been overbought since August 28, Thomson Reuters data shows. The 14-day Relative Strength Index on Monday was at 79.582, above the upper neutral range of 70.

Turnover yesterday was Rs.747.9 million ($5.79 million), less than this year’s daily average of Rs.953 million.

The bourse saw a net foreign inflow of Rs.24.5 million, extending the net foreign inflow so far this year to Rs.31.62 billion.

The rupee closed slightly weaker at 129.29/35 to the dollar compared with Monday’s close of 129.10/15, on importer dollar demand, dealers said.

(Source : REUTERS)

Stock

Bourse slips on profit-taking

Most Popular Articles

SLCERT warns WhatsApp users against sharing OTPs to prevent hacking

EU Ambassador meets new BOI Chief to discuss economic ties

LATES'T NEWS

Sri Lanka ranks 95 along with Iran and South Sudan in Passport Index

Search of his residence: Sujeewa to file legal action

Woman hacked to death at private hospital in Trincomalee

Thai woman nabbed at BIA with ’ice’ worth Rs. 100 million

Bangladesh steps up repayments to Adani to avoid power supply cut