Sri Lankan shares end lower on profit-taking
05/10/2016 14:11
COLOMBO, Oct 5 (Reuters) - Sri Lankan stocks ended down on
Wednesday from their highest level in six weeks, hit in the
previous session, led by profit-taking in Commercial Credit and
Finance Plc COMN.CM , while the new tobacco tax weighed on
Ceylon Tobacco Company CTC.CM shares.
The benchmark index of the Colombo Stock Exchange .CSE
ended down by 0.18 percent at 6,571.78.
Commercial Credit and Finance Plc dipped 6.5 percent. The
company's shares jumped 34.6 percent in the previous session
after Thailand's Group Lease PCL GL.BK bought a 30 percent
stake in the firm. urn:newsml:reuters.com:*:nL3N1CA2L0
Shares in Ceylon Tobacco Company fell 0.9 percent on concern
over a 20 percent tobacco tax weighing on the company's profit.
urn:newsml:reuters.com:*:nL3N1CA2DW
Foreign investors sold a net 79 million rupees ($540,725.5)
worth of shares on Wednesday, extending the net foreign outflow
to 2.93 billion rupees worth of equities so far this year.
Turnover stood at 503.3 million rupees, less than this
year's daily average of around 758 million rupees.
($1 = 146.1000 Sri Lankan rupees)
(Reporting by Shihar Aneez; Editing by Sherry Jacob-Phillips)
((shihar.aneez@thomsonreuters.com; +94-11-232-5540; Reuters
Messaging: shihar.aneez.thomsonreuters.com@reuters.net
twitter:@shiharaneez))
Keywords: SRI LANKA STOCKS/