COLOMBO, Jan 22 (Reuters) - Sri Lankan shares declined on
Monday, marking their eighth session of fall in nine, as
investors sold banking stocks in dull trade.
The Colombo Stock index ended 0.34 percent weaker at
6,421.40. On Thursday, it closed at its lowest since Dec. 29.
The bourse has shed 2 percent in the past nine sessions, and
dropped 0.47 percent last week, recording its second straight
"The market was quiet till late. We saw some activities in
the latter part of the day," said Hussain Gani, Deputy CEO at
"There were some selling in banks which brought the market
down," he said, adding that investors were waiting to see
clarity on the political front from a local election which will
be held on Feb. 10 after a long delay.
Turnover stood at 460.7 billion rupees, half of last year's
daily average of 915.3 million rupees.
However, foreign investors bought a net 196.6 million rupees
worth of shares on Monday, extending the year-to-date net
foreign inflow so far this year to 2.9 billion rupees worth of
They bought equities worth 18.5 billion rupees last year and
633.5 million rupees in 2016.
After market hours on Friday, diversified company Hemas
Holdings Plc said it will acquire 75.1 percent of
stationery manufacturer Atlas Axillia Co (Pvt) Ltd for 5.7
billion rupees. Hemas fell 5.4 percent on Monday.
Shares in Lanka ORIX Leasing Co Plc dropped 3.5
percent, while Hatton National Bank Plc declined 1.1
($1 = 153.8500 Sri Lankan rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by
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