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Sri Lanka stocks fall for 4th session; turnover at 7-month low
July 17, 2013 / 10:41 AM / 4 years ago

Sri Lanka stocks fall for 4th session; turnover at 7-month low

COLOMBO, July 17 (Reuters) - Sri Lankan shares fell for a
fourth straight session on Wednesday to their one-week low, led
by oil palm and telecommunications companies, and the turnover
slumped to a seven-month low amid concerns over a falling rupee
.
    The main share index ended 0.42 percent, or 25.30
points, weaker at 5,982.35, its lowest since July 9. 
    The index hit a near 10-week low on July 9 on concerns over
the rupee's weakening trend and possible foreign outflows.
 
    Turnover was 191.7 million rupees ($1.46 million),
provisional data showed, the lowest since Dec. 24 and well below
this year's daily average of 964.4 million rupees.
    Shares in oil palm cultivator Good Hope Plc fell
21.42 percent to 1,100 rupees in thin trade, while leading
mobile phone operator Dialog Axiata fell 2.3 percent
to 8.50 rupees.
    The local currency weakened to a 10-month low early on
Wednesday due to importer demand for dollar and there was no
central bank intervention. 
    ($1 = 131.4000 Sri Lanka rupees)

 (Reporting by Ranga Sirilal and Shihar Aneez; Editing by
Subhranshu Sahu)

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