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Wednesday, 17 August 2016 - 10:14
Sri Lankan shares edge down on profit-taking
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Sri Lankan shares closed slightly lower yesterday, after posting a more than 11-week closing high in the previous session, as investors booked profits in beverage stocks and foreign investors trimmed their holdings.

Foreign investors offloaded a net 89.85 million rupees worth of shares in their first selling in 3 sessions, extending the net foreign outflow so far this year to 3.35 billion rupees worth of equities.

Investors expected the country's economic fundamentals to improve after the central bank on July 28thsurprised markets with a 50-basis point hike in its main interest rates.

 

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