Tuesday, March 15, 2016

Sri Lanka *market update* ASPI close down 0.15-pct, Foreign out- flow Rs.16.6mn

ASPI closed 5,970.40, down 9.03 points or 0.15 percent with losses recorded in some banking and finance sector stocks like Commercial leasing Company, Lanka Orix Leasing and Commercial Bank, brokers said. Turnover was 731 million rupees. Foreign investors aligned on to the selling side recording a net foreign out-
flow of 16.6 million rupees. Price losers outnumbered gainers by 68 to 49 counters. (Mar 15, 2016 4.20 p.m)

ASPI trading at 5,968.78, down 10.65 points or 0.18 percent with losses in Commercial bank and Hemas Holdings, brokers said.

Asian stock markets opened negative on Tuesday ahead of a Bank of Japan meeting later today. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.7 percent, backing off a 2-1/2-month high on Monday. Japan’s Nikkei was down 21 points while China’s Shanghai was down 19.00  points and Hong Kong’s Hang Seng was also down 120 points. The Bank of Japan is expected to announce its policy decision between 0230-0430 GMT on Tuesday, followed by the U.S. Federal Reserve on Wednesday and the Bank of England and the Swiss National Bank on Thursday.

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