Stock market shares end higher; foreigners sell
Sri Lankan shares ended slightly firmer yesterday led by blue-chip stocks in thin trade, while foreign selling boosted turnover with most local investors on leave ahead of the Sinhala-Tamil New Year this week, brokers said.
Foreign selling accounted for 80% of the day’s turnover of Rs. 553 million ($3.55 million), less than half of this year’s daily average of Rs. 1.17 billion.
Foreign investors exited mainly by selling Softlogic Finance PLC, brokers said. Shares in Softlogic Finance, which accounted for 60% of the day’s turnover, however, ended 0.6% lower.
The Colombo stock index ended 0.18% higher at 6,451.17.
Foreign investors sold shares worth net Rs. 420.8 million yesterday, extending the net foreign outflow to Rs. 1.25 billion from equities.
“It was a very dull day as ...