The Market closed down for the day on the back of 324Mn turnover. Foreigners were net buyers fo the day while foreign participation accounted for 28% of the day's turnover.
Cental Bank of Sri Lanka said it will provide liquidity to troubled finance companies to boost confidence on conditions including cutting costs, shareholders agreeing to bring capital and converting deposits to shares.
The liquidity facility would come via the Sri Lanka Deposit Insurance fund, after assessing each licensed finance company.
these moves by the CB comes amid Cental Investment and Finance PLC (CIFL)
ASPI down 1.2% from 5673 points to 5605 points and S&P SL20 index down 1.4% in 3132 points total turnover increased by 35.3% end 324Mn.
Share Market 09.09.2013
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Lanka Stocks
