COLOMBO, March 10 (Reuters) - Sri Lankan shares slipped on
Monday from a more than two-week high as turnover was thin as
most investors stayed away ahead of voting on a resolution at
the United Nations over its human rights record later this
The main stock index ended 0.14 percent, or 8.45
points lower at 5,957.61. It had climbed to a two-week high
closing in the previous session.
Shares of top conglomerate John Keells Holdings PLC
fell 1.36 percent to 227.00 rupees.
The day's turnover was 304.3 million rupees ($2.3 million),
well below this year's daily average of about 984.4 million
The market witnessed a daily average turnover of 360.9
million rupees in the last six sessions, which analysts
attributed to cautious investors opting to be on the sidelines
ahead of a resolution on Sri Lanka coming up for voting at the
United Nation's Human Rights Council later this month.
Reacting to a report by the U.N. human rights chief, Sri
Lanka last week questioned the independence of the human rights
office of the UN after the United States asked it to investigate
violations by the Sri Lankan government.
Foreign investors bought a net 32.6 million rupees worth of
shares on Monday, but they have been net sellers of 5.36 billion
rupees for the last 21 sessions as some offshore funds exited
The index has seen a net 4 billion rupees of foreign
outflows so far in 2014, after net inflows of 22.88 billion
rupees last year.
($1 = 130.5750 Sri Lanka rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by