COLOMBO Oct 14 Sri Lankan shares closed lower
for a fifth straight session on Friday, led by conglomerate John
Keells Holdings, as investors stayed on the sidelines
ahead of corporate results and seeking cues on the economy from
the federal budget next month.
The benchmark index of the Colombo Stock Exchange
ended 0.07 percent weaker at 6,482.54, its lowest close since
Sept. 26. It shed 1.5 percent on the week.
"We believe the index will fall further before the budget.
Still, there is uncertainty about taxes (in the budget)," a
stockbroker said asking not to be named.
Turnover stood at 568.6 million rupees ($3.88 million), less
than this year's daily average of around 747 million rupees.
Foreign investors, who have net sold 2.34 billion rupees
worth of shares so far this year, bought a net 25.8 million
rupees worth equities on Friday.
Chevron Lubricants Lanka Plc, which posted a 20
percent rise in September-quarter, rose 1.3 percent.
John Keells Holdings fell 0.46 percent, while Lion Brewery
lost 3.31 percent.
($1 = 146.3700 Sri Lankan rupees)
(Reporting by Shihar Aneez; Editing by Biju Dwarakanath)