Sri Lankan shares end flat in lacklustre trade
COLOMBO, Sept 11 (Reuters) - Sri Lankan shares closed flat
on Tuesday, near a more than one-week closing low, with beverage
and manufacturing shares witnessing mild selling, a day after
fuel prices were hiked for the third time in four months.
Sri Lankan fuel retailers raised gasoline and diesel prices
for a third time in four months on Tuesday due to higher global
oil prices and a weaker rupee, a finance ministry
Turnover was 337.3 million rupees ($2.08 million), less than
half of this year's daily average of 792.8 million rupees.
The Colombo stock index ended 0.02 percent weaker at
6,095.23, its lowest close since Sept. 3. It had risen 0.6
percent last week in its third straight weekly gain.
"The market came down marginally today, but the good sign is
we see some net foreign buying," said Hussain Gani, deputy CEO
at Softlogic Stockbrokers.
Analysts said investors also waited for cues from the
national budget which the government is set to unveil in
Foreign investors bought a net 74.7 million rupees of shares
on Tuesday, but they have been net sellers of 4.4 billion rupees
worth of shares so far this year.
Shares of conglomerate John Keells Holdings Plc
fell 0.2 percent while Lanka ORIX leasing Plc lost 2.2
($1 = 162.2500 Sri Lankan rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Vyas
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