Sri Lankan stocksended flat on Tuesday as retail and foreign investors took profits after recent gains by select shares on the Colombo bourse, brokers said. The key Colombo all-share index fell a provisional 0.35 percent, or 5.50 points, to 1,562.61 points. The bourse has gained more than 3 percent so far this year. The Milanka index which tracks the most liquid and highly capitalised stocks - rose a provisional 0.3 percent, or 6.51 points to 2,148.99 points.
Selling on the local unit of Indian Oil Corp, Lanka IOC fell 0.51 percent to 48.50 rupees, taking the Power and Energy index down by 2.03 percent or 3.66 points to 176.96 points.
Economic analysts said foreign investors were making gains on both stock value and currency appreciation against the dollar. The Sri Lanka rupee has strengthened thanks to tsunami dollars aid inflows.
The rupee has gained about 6 percent since the tsunami waves killed more than 30,000 people and destroyed towns on the south, east and north coasts.
Among the losers, Sri Lanka Telecom Ltd fell 1.56 percent to 15.75 rupees while Caltex Lubricants Lanka Ltd fell 0.74 percent to 67 rupees.
Total market turnover was a provisional 155.5 million rupees, with foreign purchases of 33 million rupees and foreign sales of 26 million rupees.
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