COLOMBO, March 19 Sri Lankan shares edged higher
in light trade on Wednesday, led by Nestle Lanka Plc
and Hatton National Bank PLC (HNB) despite foreign
outflows as an impending U.N. resolution on the country's human
rights record later this month dented sentiment.
The main stock index ended up 0.07 percent, or 4.41
points, at 5,912.05.
Foreign investors were sellers for a fourth straight
session, recording net sales of 274.2 million rupees worth of
shares on Wednesday. Net outflows so far in 2014 stand at 4.16
billion rupees, and clocked 22.88 billion rupees in 2013.
The day's turnover was at 641 million rupees ($4.91
million), well below this year's daily average of about 907.4
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.
Nestle Lanka gained 1.99 percent to 1,950.20 rupees while
Hatton National Bank rose 3.27 percent to 157.90 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 = 130.5900 Sri Lanka rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil