COLOMBO Dec 21 Sri Lankan shares closed at
their lowest in more than eight months in thin trade on
Wednesday ahead of the Christmas weekend, falling for a seventh
straight session led by blue chips and large caps, stockbrokers
The Colombo stock index ended 0.12 percent weaker at
6,227.34, its lowest close since April 6. The bourse has fallen
1.7 percent in seven straight sessions through Wednesday.
"This is a typical year-end market. We expect the turnover
to be lower until the new year," said Prashan Fernando, CEO at
Turnover stood at 426.6 million rupees ($2.86 million), less
than this year's daily average of around 743.3 million rupees.
Foreign investors sold a net 97.1 million rupees worth of
shares on Wednesday, but the bourse has seen year-to-date net
foreign inflow of 600.4 million rupees worth into equities.
Shares in top conglomerate John Keells Holdings
fell 0.96 percent, while large cap Ceylon Tobacco Company
lost 0.7 percent to drag down the overall index.
($1 = 149.0500 Sri Lankan rupees)
(Reporting by Shihar Aneez; Editing by Biju Dwarakanath)