COLOMBO, March 1 Sri Lankan shares fell on
Wednesday to their lowest close in nearly three weeks as
concerns about rising interest rates continued to hurt investor
The Colombo stock index ended down 0.21 percent at
6,121.43, its lowest close since Feb. 9.
Turnover was 382.2 million rupees ($2.53 million), around
half of this year's daily average of 663.6 million rupees.
"The market is still holding grounds because of good
(corporate) results in the last quarter and some dividend
announcement," said Prashan Fernando, CEO at Acuity
Shares of Ceylon Cold Stores Plc fell 4.11 percent,
while conglomerate John Keells Holdings Plc declined
Foreign investors were net buyers of 111.9 million rupees
worth of shares, extending the year-to-date net foreign inflow
to 599.6 million rupees worth of equities.
Yields on treasury bills have risen to a more than four-year
high since October, while the central bank has kept key policy
rates on hold.
($1 = 151.2500 Sri Lankan rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by