Tuesday, 21 May 2013 17:06
Posted by Muhammad Iqbal
COLOMBO: Sri Lanka shares retreated on Tuesday from the previous session's 19-month high as investors booked profits in banking and telecommunication shares after the recent rally pushed the bourse into overbought territory.The main stock index fell 0.39 percent, or 25.03 points, to close at 6,441.64, slipping for the first time in the last five sessions. The bourse hit its highest close since Oct. 14, 2011 on Monday.Trading was dominated by foreign investors with foreign buying accounting for 69 percent of the day's turnover.Foreign investors were net buyers of 1.09 billion rupees ($8.63 million) of shares, extending net foreign inflows this year to 12.56 billion rupees.The market 14-day Relative Strength Index (RSI) was in over-bought territory of 83.627 on Tuesday and has been above the upper neutral level of 70 since April 16, Thomson Reuters data showed."Profit-taking brought the market down," a stockbroker said on condition of anonymity.Market turnover was 2.19 ...
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COLOMBO: Sri Lanka shares retreated on Tuesday from the previous session's 19-month high as investors booked profits in banking and telecommunication shares after the recent rally pushed the bourse into overbought territory.The main stock index fell 0.39 percent, or 25.03 points, to close at 6,441.64, slipping for the first time in the last five sessions. The bourse hit its highest close since Oct. 14, 2011 on Monday.Trading was dominated by foreign investors with foreign buying accounting for 69 percent of the day's turnover.Foreign investors were net buyers of 1.09 billion rupees ($8.63 million) of shares, extending net foreign inflows this year to 12.56 billion rupees.The market 14-day Relative Strength Index (RSI) was in over-bought territory of 83.627 on Tuesday and has been above the upper neutral level of 70 since April 16, Thomson Reuters data showed."Profit-taking brought the market down," a stockbroker said on condition of anonymity.Market turnover was 2.19 ...
HONG KONG: Asian shares were mixed Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank.The dollar turned higher against the yen in Asia as investors waited for Fed chairman Ben Bernanke's testimony on the US economic outlook to Congress on Wednesday.Tokyo stocks rose 0.13 percent or 20.21 points to 15,381.02, Sydney fell 0.56 percent or 28.9 points to 5,180.1, ...
HONG KONG: Asian shares were mixed on Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank.The dollar turned higher against the yen in Asia as investors waited for Fed chairman Ben Bernanke's testimony on the US economic outlook to Congress on Wednesday.Tokyo stocks rose 0.13 percent or 20.21 points to 15,381.02, Sydney fell 0.56 percent or 28.9 points to ...
SEOUL: South Korean shares pared opening gains and ended little changed on Tuesday, as the market faced resistance near the psychologically significant 2,000-point mark, and with selling by institutional investors and falls in technology stocks weighing.The Korea Composite Stock Price Index ended down 0.07 percent at 1,981.09 points. Copyright Reuters, 2013 ...
TOKYO: Tokyo stocks rose 0.13 percent on Tuesday, recouping early losses as the dollar turned higher against the yen.The benchmark Nikkei 225 index closed up 20.21 points to 15,381.02, its best close since December 2007, while the Topix index of all first-section issues gained 0.07 percent or 0.88 points to 1,270.39.Copyright AFP (Agence France-Presse), 2013 ...
SHANGHAI: Chinese shares were down slightly in early trading on Tuesday as investors took profits after the market rose nearly four percent since last week, dealers said.The benchmark Shanghai Composite Index fell 0.11 percent, or 2.52 points, to 2,297.47.Copyright AFP (Agence France-Presse), 2013 ...
HONG KONG: Hong Kong stocks were down 0.50 percent by the break on Tuesday after a dip on Wall Street ahead of the Federal Reserve chairman's testimony on the US economic outlook.The benchmark Hang Seng Index fell 117.49 points to 23,375.54 by the noon break on turnover of HK$40.36 billion ($5.20 billion).Fed chairman Ben Bernanke is due to give testimony to Congress on Wednesday.Copyright AFP (Agence France-Presse), 2013 ...
