Sri Lanka Shares & Currency down marginally
Today at CSE indices were down few points. Rupee depreciated to Rs 111 level against USD.
When local currency depreciates it hurts badly foreign investors than local investors. Because they will have to suffer foreign exchange loss, in addition to losses from declining stock value.
Due to this situation foreign investors may consider to sell their stocks now & buy back later once Rupee down and stabilized at lower levels.
49.6 million Turnover recorded during the day at CSE.
There were Rupees 13.5 million foreign purchases and 19.7 million foreign selling.
Seylan Bank PLC Debenture issue & Capital Reach Leasing is now open for subscriptions.
Application forms & prospectus can be downloaded from http://www.cse.lk/
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