COLOMBO Dec 27 Sri Lankan shares closed at
their weakest in more than eight months in typical year-end
holiday-thinned trading on Tuesday, with turnover slumping to a
near 33-month low as investors stayed away.
The Colombo stock index ended 0.22 percent lower at
6,202.83, its lowest close since April 6. It has shed around 2.1
percent in the 10 sessions through Tuesday.
Turnover stood near its lowest since March 17, 2014, at
111.2 million rupees ($745,308), around a seventh of this year's
daily average of 735.4 million rupees.
"Most of the investors and brokers are on holiday. We may
see little price adjustments in shares, but the trading volume
will be very low," said Hussain Gani, deputy CEO at Softlogic
Foreign investors sold a net 10.2 million rupees worth
shares on Tuesday, but they have been net buyers of 611.3
million rupees worth equities as of Tuesday this year.
Top conglomerate John Keells Holdings fell 1
percent, while large cap Ceylon Tobacco Company closed
1.8 percent lower, dragging down the overall index.
($1 = 149.2000 Sri Lankan rupees)
(Reporting by Shihar Aneez; Editing by Biju Dwarakanath)