COLOMBO Aug 25 Sri Lankan stocks fell on
Monday, ending a five-day gaining streak, to slip from a
three-year high hit in the previous session as investors booked
profits in conglomerate John Keells Holdings Plc,
The main stock index ended down 0.34 percent, or
23.99 points, at 6,984.03, easing from its highest close since
Aug. 18, 2011 hit on Friday.
The index has gained 18.12 percent so far this year.
"There was a bit of profit-taking which dragged the market,"
said a stockbroker, asking not to be named.
Market heavyweight John Keells Holdings fell 0.82 percent to
United Motors Plc, which traded after a
two-for-three share split led the fall in the index, plunging
over 31 percent to 101.20 rupees a share.
Monday's turnover stood at 1.2 billion rupees ($9.22
million), in line with this year's daily average.
The bourse saw a net foreign inflow of 445.1 million rupees
on Monday, extending the year-to-date net foreign inflow to 7.52
billion rupees worth of shares.
(1 US dollar = 130.1800 Sri Lankan rupees)
(Reporting by Ranga Sirilal; Editing by Sunil Nair)