Shares hit new one-week low on foreign sales

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By 2017-09-26

By Mario Andree

The Colombo Stock Exchange started the week on a negative note on Monday (25) as the benchmark index slipped for the third consecutive market day to reach a new one-week low on foreign sales as political uncertainty looms in the Euro zone.
The benchmark All Share Price Index on Monday (25) slipped 0.24 per cent (15.19 points) to close at 6,412.07 points, while the S&P SL 20 representing the top 20 listed entities slipped 0.34 per cent (12.45 points) to close at 3,679.70 points.

The day's turnover reached Rs 793 million, higher than Friday's (22) turnover of Rs 217.8 million, with 91 losers and 46 winners.
Foreigners were net sellers on Monday (25). Net foreign outflow during the day reached Rs 59 million as sales amounted to Rs 459 million as against purchases worth Rs 400 million.

Nearly 29.5 million shares changed hands on Monday during 4,380 trades that took place.
The share price of John Keells Holdings slipped 0.61 per cent (Rs 1) to close at Rs 162.10 as nearly 1.37 million shares changed hands during 29 trades, Nestle Lanka slipped 0.87 per cent (Rs 15) to close at Rs 1,710.60 as 775 shares changed hands during 15 trades, while the share price of Hatton National Bank slipped 0.69 per cent (Rs 1.60) to close at Rs 231.40 as 5,612 shares changed hands during 9 trades.

On a positive note, the share price of Dialog Axiata gained 0.83 per cent (10 cents) to close at Rs 12.10 as 10 million shares changed hands during 43 trades, BARC Lanka Finance gained 7.09 per cent (Rs 2.70) to close at Rs 40.80 as 112 shares changed hands during 4 trades, while the share price of Sampath Bank gained 0.68 per cent (Rs 2) to close at Rs 297.10 as 27,790 shares changed hands during 48 trades.

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