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Sri Lankan stocks fall on rating outlook cut, rupee concerns

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sriranga

sriranga
Co-Admin

(Reuters) - Sri Lanka's main stock index fell 0.37 percent to end at 6117.97 on Wednesday to its lowest close since June 27, led by market heavyweight John Keells Holdings.

Brokers attributed the fall to investor concerns over falling rupee currency and a rating outlook cut by Moody's.

The day's turnover was at 883.2 million rupees ($6.76 million), less than this year's daily average turnover of about 1 billion rupees, according to provisional exchange data. John Keells lost 2.17 percent to 261 rupees. ($1 = 130.7000 Sri Lanka rupees) (Reporting by Shihar Aneez and Ranga Sirilal; Editing by Anand Basu)
http://www.reuters.com/article/2013/07/03/market-srilanka-stocks-idUSL3N0F922C20130703

http://sharemarket-srilanka.blogspot.co.uk/

2Sri Lankan stocks fall on rating outlook cut, rupee concerns Empty Sri Lanka stocks down 0.4-pct Wed Jul 03, 2013 5:49 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

July 03, 2013 (LBO) - Sri Lanka's stocks closed up 0.37 percent on Wednesday following gains of three straight days with losses in the diversified and consumer companies and some banking stocks, brokers said.

The benchmark Colombo All Share Index closed 22.82 points higher at 6,117.97 and the S&P SL 20 Index closed 29.51 points higher at 3,433.00 down 0.85 percent.

Turnover was 883 million rupees up from 472 million from a day earlier.

Foreigners brought 267 million rupees worth shares while selling 250 million rupees in a day that 47 stocks advanced and 128 stocks declined.

Ceylinco Insurance contributed most to the index closing at 1,146.00 rupees up 146..00 rupees, Ceylon Tobacco Company closed at 999.50 rupees up 14.00 rupees.

Negative contributors included John Keells Holdings closing at 259.60 down 7.20 rupees, Commercial Leasing & Finance Company closed at 3.90 rupees down 0.40 rupees and Commercial Bank of Ceylon closed at 114.50 rupees down 1.70 rupees.

The Lion Brewery closed at 408.00 up 8.00rupees and Distilleries Company closed flat at 192.50 rupees while Sri Lanka Telecom closed flat at 40.00 rupees.

Hatton National Bank closed at 159.20 rupees down 0.80 cents and Sampath Bank closed at 200.00 rupees down 2.60 rupees.

Aitken Spence closed at 128.10 down 0.90 cents, Nestle Lanka closed at 1,929.80 rupees down 19.10 rupees and Dialog Axiata lost 10 cents to close at 8.30 rupees.
http://www.lankabusinessonline.com/news/sri-lanka-stocks-down-0.4-pct/620370985

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

SRI LANKAN STOCKS FALL ON RATING OUTLOOK CUT, RUPEE CONCERNS

Could have mentioned stock has fallen due to resignation of CEO.. මොකද රේටින් කට් එක හෙට rivers වෙන්නේ නැනේ...

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

wiki wrote:
SRI LANKAN STOCKS FALL ON RATING OUTLOOK CUT, RUPEE CONCERNS

Could have mentioned stock has fallen due to resignation of CEO.. මොකද රේටින් කට් එක හෙට rivers වෙන්නේ නැනේ...

May be reuters kept that reason for tomorrow.

dudi


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

seemingly,things are looking not so good for the market.

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