COLOMBO, March 18 Sri Lankan shares edged down
on Tuesday in thin trade, led by a fall in Nestle Lanka Plc
and foreign outflows as investors were cautious ahead
of a U.N. resolution on the country's human rights record later
The main stock index fell 0.11 percent, or 6.47
points, to 5,907.64.
The day's turnover was at 509 million rupees ($3.90
million), nearly half of this year's daily average of about
912.8 million rupees.
Analysts said investor sentiment has been dented on concerns
over the U.N. resolution, which could have an impact on the
country's economy. Many potential buyers in risky assets are
staying on the sidelines awaiting clear direction.
Foreign investors were sellers for the third straight
session, with net selling of 61.2 million rupees worth of shares
on Tuesday. Net outflows so far in 2014 stand at 3.88 billion
rupees. They were 22.88 billion rupees in 2013.
Shares in Nestle Lanka fell 3.94 percent to 1912.10 rupees.
Earlier this month, Sri Lanka questioned the independence of
the human rights office of the United Nations after the United
States asked it to investigate violations by the Sri Lanka
government related to the civil war.
A vote on the resolution is scheduled for the last week of
the session, starting on March 24.
($1 = 130.6000 Sri Lanka Rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Anand