The Colombo bourse continued to decline yesterday (05) driven by macroeconomic uncertainty and negative investor sentiments, brokers said, although foreign investors continued to be active with a year-to-date inflow of Rs. 2 billion.
The All Share Price Index fell a marginal 0.09 percent, down 5.12 points to close at 5,626.77 while the S&P SL20 gained 0.16 percent, up 5.14 points to close at 3,208.92.
Turnover amounted to Rs. 602.8 million on a little more than 13.4 million shares changing hands during the day.
Foreign purchases amounted to Rs. 292.9 million, far outweighing sales, resulting in a net inflow of Rs. 281.95 million.
"The ASPI ended marginally lower amid subdued activity levels dominated by block trades on JKH and HNB, which collectively accounted for over 60% of market turnover," John Keells Stockbrokers said.
Brokers said macroeconomic uncertainty was affecting retail investor sentiments while foreign investors were picking up counters with strong fundamentals.
JKH saw over a million shares change hands during the day, closing 0.26 percent higher at Rs. 234.50.
HNB closed 0.60 percent higher at Rs. 150 after a little over 978 thousand shares changed hands.
Com Bank closed 0.33 percent higher at Rs. 92.10.
In financial markets, the rupee strengthened against the US dollar on Tuesday (05), closing at Rs. 127.38/42 against the greenback from an opening position of Rs. 127.49/53.
Secondary market Treasury bond yields edged up marginally on the longer tenure, on foreign selling dealers said.
The more liquid five year bond saw its yield move up to 11.15/17 percent yesterday from the previous day’s close of 11.10/15 percent.
Excess rupee liquidity in the financial market amounted to Rs. 38.75 billion yesterday (05).
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