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Sri Lanka stocks close down as profit taking sets in

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Wednesday after 15 consecutive days of gains, brokers said. The All Share was down 0.29 percent, or 65.24 points, at 22,097.99; while the S&P SL20 was down 0.46 percent, or 28.32 points, at 6,163.22. “We saw 15 consecutive days of gains and the market crossing the 22,000 mark; we have not seen profit taking in awhile,” First Capital Holdings PLC’s Chief Research and Strategy Officer Dimantha Mathew said. Retail and high net worth participation was high, he said, “We think capital gains are being realized.” Turnover was 7.32 billion rupees.…

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