COLOMBO, March 25 Sri Lankan stocks hit their
two-weeks high Tuesday led by large-cap shares, but trading
volumes continued to be low ahead of an impending U.N.
resolution on the country's human rights record.
The main stock index closed up 0.52 percent, or 30.55
points, at 5,952.78 - its highest since March 10.
Tuesday's turnover was 416.4 million rupees ($3.19 million),
less than half of this year's daily average of 861.1 million
"Most investors are waiting to assess the impact of the
resolution," a stockbroker said on condition of anonymity.
Sri Lanka's 2.47 trillion rupee bourse saw a net foreign
outflow of 32.4 million rupees worth shares, extending the net
selling so far this year to 4.13 billion rupees.
It had recorded a 22.88 billion rupee inflow in 2013.
Ceylon Tobacco Co Plc's stock jumped 6.4 percent to
1,097.90 rupees, with only 673 shares traded.
The prospect of a resolution that could hurt the country's
economy has dented investor sentiment, analysts said.
Several potential buyers of risky assets are awaiting a
Sri Lanka has questioned the independence of the United
Nations human rights office after the United States asked it to
investigate violations by the government related to the civil
war. A vote on the resolution is scheduled for later this week.
($1 = 130.6500 Sri Lanka Rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by