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Political uncertainty drives Sri Lanka shares down
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<blockquote data-quote="nismok" data-source="post: 6676611" data-attributes="member: 109094"><p><span style="font-size: 12px">COLOMBO, Feb 11 (Reuters) - Sri Lankan shares fell for a third straight session on Thursday on political uncertainty amid clashes erupted in the capital following the arrest of losing opposition presidential candidate.</span></p><p> <span style="font-size: 12px"> The All-Share Price Index .CSE of the Colombo Stock Exchange closed 49.50 points or 1.31 percent to 3,724.84 after hitting a record 3,806.78 in the previous session.</span></p><p> <span style="font-size: 12px"> Thousands of Sri Lankans, protesting the arrest of losing presidential candidate Sarath Fonseka, clashed with government supporters on Wednesday, a day after parliamentary elections were called. [ID:nSGE6190EU] [ID:nSGE6180CF]</span></p><p> <span style="font-size: 12px"> The opposition has said it will continuously agitate against the 'illegal' arrest of Fonseka, the former army commander who oversaw the victory in a 25-year war in 2009.</span></p><p> <span style="font-size: 12px"> "Concerns are there with the current political uncertainty," said Prashan Fernando, executive director at Acuity Stockbrokers.</span></p><p> <span style="font-size: 12px"> The bourse is still up 10 percent so far this year, following a 125 percent rally in 2009, one of the best in Asia.</span></p><p> <span style="font-size: 12px"> Foreigners, who sold net 785.3 million rupees worth of shares in 2009, have sold a net 4.3 billion worth shares so far this.</span></p><p> <span style="font-size: 12px"> Market heavyweight John Keells Holdings JKH.CM lost 2.1 percent to 163.75 rupees.</span></p><p> <span style="font-size: 12px"> The day's turnover was 1.4 billion rupees ($12.3 million), over twice of 2009 daily average of 593.6 million rupees.</span></p><p><span style="font-size: 12px"></span><span style="font-size: 12px"> The Sri Lankan rupee <a href="http://in.reuters.com/money/currencies/quote?srcCurr=LKR&destCurr=INR" target="_blank">LKR=</a> closed flat at 114.66/68 per dollar on sluggish trade, dealers said.</span></p><p> <span style="font-size: 12px"> The interbank lending rate or call money rate CLIBOR, fell to 9.086 percent from Wednesday's 9.148 percent.</span></p><p> <span style="font-size: 12px"> For secondary market rates, please see <0#LKBMK=>. ($1=114.67 Sri Lankan rupees)</span></p><p></p><p></p><p> (Reporting by Shihar Aneez; Editing by Ramya Venugopal)</p></blockquote><p></p>
[QUOTE="nismok, post: 6676611, member: 109094"] [SIZE=3]COLOMBO, Feb 11 (Reuters) - Sri Lankan shares fell for a third straight session on Thursday on political uncertainty amid clashes erupted in the capital following the arrest of losing opposition presidential candidate.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] The All-Share Price Index .CSE of the Colombo Stock Exchange closed 49.50 points or 1.31 percent to 3,724.84 after hitting a record 3,806.78 in the previous session.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] Thousands of Sri Lankans, protesting the arrest of losing presidential candidate Sarath Fonseka, clashed with government supporters on Wednesday, a day after parliamentary elections were called. [ID:nSGE6190EU] [ID:nSGE6180CF][/SIZE] [SIZE=3][/SIZE] [SIZE=3] The opposition has said it will continuously agitate against the 'illegal' arrest of Fonseka, the former army commander who oversaw the victory in a 25-year war in 2009.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] "Concerns are there with the current political uncertainty," said Prashan Fernando, executive director at Acuity Stockbrokers.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] The bourse is still up 10 percent so far this year, following a 125 percent rally in 2009, one of the best in Asia.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] Foreigners, who sold net 785.3 million rupees worth of shares in 2009, have sold a net 4.3 billion worth shares so far this.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] Market heavyweight John Keells Holdings JKH.CM lost 2.1 percent to 163.75 rupees.[/SIZE] [SIZE=3] The day's turnover was 1.4 billion rupees ($12.3 million), over twice of 2009 daily average of 593.6 million rupees. [/SIZE][SIZE=3] The Sri Lankan rupee [URL="http://in.reuters.com/money/currencies/quote?srcCurr=LKR&destCurr=INR"]LKR=[/URL] closed flat at 114.66/68 per dollar on sluggish trade, dealers said.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] The interbank lending rate or call money rate CLIBOR, fell to 9.086 percent from Wednesday's 9.148 percent.[/SIZE] [SIZE=3][/SIZE] [SIZE=3] For secondary market rates, please see <0#LKBMK=>. ($1=114.67 Sri Lankan rupees)[/SIZE] (Reporting by Shihar Aneez; Editing by Ramya Venugopal) [/QUOTE]
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