Sri Lanka’s stock market, despite investors cashing their shares to raise funds for the upcoming initial public offerings, remained as the Asia’s best performing market in 2010.
The country’s benchmark share index edged down 0.8 percent today, as investors cashed in to raise money for upcoming initial public offerings and foreign investors sold over one billion rupees’ worth of shares, analysts said.
The main share index of the Colombo Stock Exchange fell 52.66 points or 0.79 percent to 6633.33, but still remained as Asia’s best performer in 2010 with a 95.9 percent gain as the country’s economy rebuilds after the eradication of terrorism. It has shed 7.2 percent since hitting an all-time high of 7,207.75 on Oct 4.