COLOMBO Oct 17 Sri Lankan shares closed down
for a sixth straight session on Monday with turnover slumping to
a six-week low as cautious investors awaited a flurry of
corporate results and next month's national budget.
The benchmark index of the Colombo Stock Exchange
ended 0.46 percent weaker at 6,452.69, its lowest close since
Sept. 21. It shed 1.5 percent last week.
Turnover stood at 291.3 million rupees ($1.99 million), its
lowest since Sept. 5 and less than half of this year's daily
average of around 745 million rupees.
Foreign investors, who have sold a net 2.34 billion rupees
worth of shares so far this year, bought less than 700,000
rupees worth equities on Monday.
John Keells Holdings fell 0.66 percent, while top lender
Commercial Bank of Ceylon lost 1.35 percent.
Sri Lanka's quarterly earnings season started last week but
the bulk of locally listed firms will not report until late
October or early November.
($1 = 146.3700 Sri Lankan rupees)
(Reporting by Shihar Aneez; editing by John Stonestreet)