COLOMBO May 18 Sri Lankan shares ended
marginally down on Thursday, slipping from their highest level
in more than a year hit in the previous session, as investors
booked profits in blue chips including John Keells Holdings Plc
and Dialog Axiata Plc.
The Colombo stock index ended 0.30 percent weaker at
6,697.90, slipping from its highest close since Jan. 8, 2016 hit
on Wednesday. The benchmark index has risen nearly 11 percent
through Wednesday since March 31.
Turnover stood at 629.2 million rupees ($4.13 million), less
than this year's daily average of 896.5 million rupees.
"We have seen a sizable selling pressure on blue chips today
after some time," said Dimantha Mathew, head of research, First
Capital Holdings PLC.
"The market is taking a breather after the index passed
6,700 levels and we feel profit-taking will continue for couple
Foreign investors net bought shares worth 28.9 million
rupees, extending the year-to-date net foreign inflows to 18.02
Shares in John Keells Holdings Plc fell 0.60 percent while
Carson Cumberbatch Plc fell 4.23 percent and Dialog
Axiata Plc ended 0.83 percent weaker.
($1 = 152.5000 Sri Lankan rupees)
(Reporting by Ranga Sirilal and Shihar Aneez)