Tuesday, 29 October 2013 01:14
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Reuters: Stocks slipped from a one-week high on Monday in dull trade due to foreign outflows and a fall in shares of conglomerate John Keells Holdings Plc.
The main share index fell 0.33%, or 19.78 points, to 5,928.97, from its one-week closing high on Friday.
Shares in John Keells Holdings fell 1.89% to Rs. 218.10 while Carson Cumberbatch Plc ended 5.04% weaker at Rs. 375.00.
John Keells, which has been raising $ 299 million by selling rights and warrants to fund a $ 850 million resort project, on Friday said its rights issue was substantially oversubscribed.
Foreign investors were net sellers of Rs. 91.7 million worth of shares on Monday, snapping five straight sessions of foreign inflows. However, they have been net buyers worth Rs. 22.73 billion so far this year.
The day’s turnover was Rs. 372.5 million ($ 2.85 million), well below this year’s daily average of Rs. 875.8 million.
