Sri Lanka shares mark over-2-wk closing low on foreign selling [Reuters]
Nomura Holdings Inc ADR American Depositary Shares (NMR)
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Source: Reuters
Sri Lanka shares mark over-2-wk closing low on foreign selling | Reuters 3 Min Read COLOMBO, Sept 14 (Reuters) - Sri Lankan shares fell to a more-than-two-week closing low on Friday as investors sold beverage and banking shares, even as foreign investors continued to trim their equity exposure for a third straight day. Analysts said foreign investors sold a net 340.7 million rupees worth of equities on Friday, extending the year-to-date net foreign outflow to 4.8 billion rupees worth of shares. Sentiment was also weighed down by the local currency hitting a fresh low for the third straight session. The Colombo stock index ended 0.49 percent weaker at 6,031.26, its lowest close since Aug. 28. It lost 1.4 percent this week, falling for the fist time in four weeks. The day’s turnover was 786.1 million rupees ($4.81 million), less than this year’s daily average of 799.1 million rupees. “Market is down dominated by foreign selling, fear of rupee depreciation and also fuelled by the Nomura
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