COLOMBO, April 10 The Sri Lankan share index
ended tad weaker on Thursday from a near two-month closing high,
led by top conglomerate John Keells Holdings, while the
turnover slumped to its lowest in more than one week ahead of
The main stock index fell 0.14 percent, or 8.50
points, to 6,075.05, from its highest close since Feb. 12 hit in
the previous session.
Many investors were in a holiday mood as the stock and
currency markets will be closed for three days next week
including Monday and Tuesday due to Sinhala-Tamil new year
followed by good Friday next week.
Analysts said the outlook is still positive due to
prevailing lower interest rates.
Brokers say the $19.47 billion worth stock market is
gradually attracting investors who are looking for higher
returns as the deposit rates in banks and financial companies
are not beyond 6-6.5 percent.
The day's turnover was 359 million rupees, its lowest since
April 1 and less than a half of this year's daily average of 990
The bourse saw net foreign inflows of 1.8 million rupees,
though foreigners have sold a net 8.5 billion rupees worth of
shares so far this year.
John Keells Holdings lost 0.8 percent to 238
Analysts said foreign outflow would continue if Sri Lanka
does not cooperate in an international probe conducted by the
Office of United nations' High Commissioner for Human Rights on
the country's alleged war crimes.
The island nation's foreign minister on Monday said the
country would not cooperate with the inquiry.
($1 = 130.6000 Sri Lanka Rupees)
(Reporting by Shihar Aneez; Editing by Anand Basu)