Thu, 13 May 2021 Today's Paper

Shares end at 1-yr high on foreign buying, trade concession

17 May 2017 10:24 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares hit a one-year closing high yesterday with foreign investors buying blue chips such as John Keells Holdings PLC and as the island nation regained a trade concession from the European Union (EU).
The EU yesterday said Sri Lanka has regained a lucrative trade concession, mainly for its top exports garments.
The Colombo stock index ended 0.49 percent firmer at 6,692.33, its highest close since May 16, 2016. The index added 0.5 percent last week, its seventh straight weekly gain.
Turnover stood at Rs.1.17 billion, more than this year’s daily average of Rs.889.8 million.
“Today the foreigners got active and with that we have seen retail investor’s also returning,” said First Capital Holdings PLC Head of Research Dimantha Mathew.
Foreign investors net bought shares worth Rs.281.05 million, extending the year-to-date net foreign inflows to Rs.17.08 billion.
Reduction of 36-38 basis points in T-bill yields in the last three weeks, stable currency on expectation of inflows from foreign borrowing and an International Monetary Fund (IMF) statement on the disbursement of the third tranche of a US $ 1.5 billion loan, have helped boost sentiment, analysts said.
Shares in Dialog Axiata PLC rose 4.31 percent while Sri Lanka Telecom PLC rose 2.35 percent and John Keells Holdings PLC gained 
0.85 percent. 

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




Indian Covid-19 variant added to WHO’s variants of concern : Prof. Neelika Malavige

Globally new cases of Covid are falling, after an all-time peak through March

MeGha Primal Intake: A mega scam by few govt doctors ?

Days after the Dhammika Paniya was rejected as a cure against COVID-19, news

DMK Chief M. K. Stalin Becomes Tamil Nadu Chief Minister

“Stalin Thaan Varraaru, Namakku Vidivu Tharraaru” (Stalin is only coming

Chemical Fertilizer Ban: A radical political decision that is not too practical?

Soil makes up as the home to millions of insects, microorganisms, recycle mat

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.