US EditionSri Lanka stocks close down amidst some profit taking, electricity fears
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Sri Lanka stocks close down amidst some profit taking, electricity fears
ECONOMYNEXT – The Colombo Stock Exchange fell 0.37 percent, with brokers attributing it to profit taking and investor concern over an impending hike in electricity prices. “We saw a bit of profit taking in the market,” Ranjan Ranatunga, Assistant Vice President – Research at First Capital told EconomyNext. The Ceylon Electricity Board has proposed an 18.3 percent hike in electricity prices; this had affected some investor interest, Ranatunga sai…
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