COLOMBO, March 31 Sri Lankan stocks slipped on
Monday, led by Hatton National Bank PLC, in thin trade
as investors waited for directions after the United Nations
announced it would probe alleged war crimes by the island
The main stock index ended weaker 0.06 percent - or
3.86 points - at 5,968.31, further moving away from the
more-than-five-week high it hit last Thursday.
The UN on Thursday launched an inquiry into war crimes
allegedly committed by both Sri Lankan state forces and Tamil
rebels during the conflict that ended in 2009, saying the
government had failed to investigate properly.
Analysts said the investor sentiments were hit by a U.N.
resolution approved an international probe into the island
nation's war crimes last week.
"On the retail side, the wait and see approach could
continue for some time, while we have not seen any change from
foreign side so far," a stockbroker said on condition of
Analysts said the outcome of the resolution was expected,
but investors sentiment has been dented over concerns it could
hurt the country's economy. Several potential buyers of risky
assets are awaiting a clear direction.
The bourse suffered 2.77 billion rupees of foreign outflow
on Friday, a day after the resolution was passed. But brokers
said the foreign selling was not due to the resolution and the
relevant foreign fund has been on the selling side since
On Monday, the bourse saw a net foreign inflow of 55.8
million rupees worth of shares, but foreign investors have been
net sellers of 6.85 billion rupees so far this year.
The days turnover was 464.4 million rupees ($3.55 million),
near half of this year's daily average of 907.5 million rupees.
Shares in Hatton National Bank PLC fell 3.91
percent to 150 rupees a share while Nestle Lanka PLC
fell 0.60 percent to 1997.90 rupees.
($1 = 130.7000 Sri Lanka Rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by