COLOMBO, March 20 Sri Lankan shares edged up in
thin trade on Thursday led by blue-chips and on foreign buying,
but an impending U.N. resolution on the country's human rights
record later this month dented sentiment.
The main stock index ended up 0.04 percent, or 2.51
points, at 5,914.56.
Foreign investors were net buyers for the first time in five
sessions, buying a net 52.1 million rupees worth of shares on
Thursday. Net outflows stood at 4.1 billion rupees so far in
2014, and clocked 22.88 billion rupees in 2013.
The day's turnover was 263.3 million rupees ($2.02 million),
well below a third of 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.
Shares in biggest listed lender Commercial Bank of Ceylon
PLC gained 1.03 percent, while top conglomerate John
Keells Holdings edged up 0.05 percent.
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 next week.
($1 = 130.6000 Sri Lanka rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Sunil