Stocks rise to 3-mth high on foreign buying

9 February 2018 09:50 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares rose to their highest close in three months yesterday as foreign investors picked up blue chip stocks such as conglomerate John Keells Holdings Plc. 


The Colombo stock index ended 0.55 percent firmer at 6,542.90, its highest close since Nov. 10, 2017. 


Shares in Carson Cumberbatch Plc rose 6.9 percent, while conglomerate John Keells Holdings Plc ended 0.5 percent higher. 


Ceylon Beverage Holdings Plc jumped 14.1 percent and Nestle Lanka Plc firmed 2 percent. 


“Foreign interest in blue chips like John Keells pushed the market up,” said Dimantha Mathew, head of research at First Capital Holdings. 
Sri Lanka will hold a long-delayed local government election on Feb. 10 amid worries about the future of the country’s coalition government. 
The market turnover was Rs.1.3 billion (US$8.43 million), more than last year’s daily average of Rs.915.3 million. 


Foreign investors bought a net Rs.392.8 million worth of shares yesterday, extending the year-to-date net foreign inflow to Rs. 4.9 billion worth of equities. 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.