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Sri Lanka stocks close down 0.4-pct: Turnover 14 week low

Nov 03, 2015 (LBO) – Sri Lankan stocks closed down at 0.41 percent on Tuesday for a fourth consecutive day with turnover reaching a 14 week low on lack of direction, brokers said.

The Colombo benchmark All Share Price Index closed down 28.66 points at 7,000.41 lower 0.41 percent. S&P SL20 closed 8.76 points lower at 3,793.17 down 0.23 percent.

“Low investor activity continued on lack of direction pending the budget and PM’s special statement in Parliament on the 5 November on medium term economic framework of the present Government,” Lanka Securities said.

Turnover was 391 million rupees from 425 million rupees on Monday with 38 stocks closing positive against 117 negative.

The main index showed losses in Asian Hotels closing at 61.00 rupees, down 2.50 rupees and Cargills Ceylon closing at 175.50 rupees, down 4.20 rupees.

Dialog Axiata closed at 11.10 rupees, down 0.10 rupees.