Sri Lanka's main share index fell to a one-week low on Tuesday, with large funds and institutional investors subdued by a lack of direction from the regulator on the easing of credit limits and with portfolio allocations undecided for this year. The rupee closed steady as the central bank defended it by pumping in more than $30 million. The main share index ended 0.65 percent or 39.22 points weaker at 6,035.65, its lowest since December 27.
Turnover was 380.1 million Sri Lanka rupees ($3.34 million), the lowest since December 22 and far below last year's average of 2.3 billion rupees. Volume was 31.8 million shares. Foreign investors were net sellers of 57.47 million shares on Tuesday. Net offshore selling in 2011 was 19.13 billion rupees, down from a record 26.4 billion in 2010.
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