COLOMBO, March 12 Sri Lanka shares fell for a
third straight session on Wednesday to hit a one-week low
despite foreign inflows as concerns over a proposed United
Nations resolution, which may have an impact on the country's
economy, dented sentiment, brokers said.
The main stock index fell 0.19 percent, or 11.05
points to 5,933.52, its lowest close since March 5.
Analysts said most investors were waiting for direction
ahead of voting on the UN resolution later this month and to
assess the impact it would have on Sri Lanka's economy and risky
Shares of top conglomerate John Keels Holdings Plc
fell 0.5 percent to 224.50 rupees.
Foreign investors bought a net 95.3 million rupees
($729,800) worth of shares on Wednesday, extending the net
foreign inflow during the last six sessions to 236 million
However, Sri Lanka has seen net selling of stocks worth 5.19
billion rupees in the last 23 sessions as some offshore funds
exited, while net outflows so far in 2014 stood at 3.8 billion
rupees, after net inflows of 22.88 billion rupees last year.
Sri Lanka last week hit back at a report by the U.N. human
rights chief, questioning the independence of the human rights
office of the United Nations after the United States asked it to
investigate violations by the Sri Lanka government.
The day's turnover was 408 million rupees, less than this
year's daily average of about 980.3 million rupees. ($1 =
130.5750 Sri Lanka Rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by