Sri Lankan shares closed slightly weaker on Friday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. Local Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries over a weaker rupee, political uncertainty and recent fuel price hike also weighed on sentiment.
Foreign investors accounted for around 70 percent of the day's buying. They net bought equities worth 568.5 million rupees ($3.60 million), turning them net buyers of 272.3 million rupees so far this year. The Colombo stock index ended 0.07 percent weaker at 6,467.80. It fell 0.4 percent for the week. Turnover was 1.4 billion rupees, more than this year's daily average of 983.6 million rupees.