COLOMBO, April 25 Sri Lankan shares ended a tad
weaker on Friday, led by blue chips like John Keells Holdings
The island nation's main stock index fell 0.17
percent, or 10.32 points, to 6,167.81, retreating from early
gains in the day.
The market has gained 3.34 percent so far this month as some
retail investors started buying risky assets in the face of low
Lower interest rates have helped the market gain in the past
few weeks, stockbrokers said.
The benchmark 91-day treasury bill yield dropped to its
lowest since January 2007 on Wednesday, data showed, a day after
the central bank kept policy rates steady at multi-year lows.
The day's turnover was 906.3 million rupees, less than this
year's daily average of 965.1 million rupees.
The bourse saw foreign outflows for the first time in 12
sessions. Offshore investors sold a net 8.2 million rupees
($62,800) worth of stocks in dull foreign activity, extending
the net foreign outflow so far this year to 7.24 billion rupees.
Shares in Ceylon Tobacco Company PLC fell 3.14
percent to 1,065.50 rupees, while John Keells Holdings declined
1.09 percent to 234.90 rupees.
Stockbrokers said the market could see a positive momentum
because of an impending parliament approval for a luxury resort
project, worth up to $850 million, by Keells that will include
hotels, casino, shopping malls, along with a similar project by
Australian gaming tycoon James Packer's Crown Ltd.
Vallibel One, which rose 1.71 percent to 17.80
rupees, got parliamentary approval on Thursday to invest $300
million in an integrated luxury tourist resort, also including a
casino, in the island nation's proposed exclusive gaming zone.
($1 = 130.6150 Sri Lanka Rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by