Stocks at 2-week high; foreign inflow hits 1-year high

8 March 2013 02:57 am - 0     - {{hitsCtrl.values.hits}}

A A A

Share purchases in Sri Lankan insurer Asian Alliance Insurance PLC boosted stocks to a two-week high yesterday, with foreign inflows coming close to a one-year high.

Asian Alliance Insurance, which gained 3.54 percent on the day, said in a corporate disclosure that buyers from the Netherlands and Germany had bought a 19 percent stake each from Softlogic Holdings PLC.

Each bought over 7.1 million shares at 128 rupees. “This type of investment will boost foreign investor confidence in Sri Lanka,” Prashan Fernando, CEO of Acuity Stockbrokers in Colombo, told Reuters.

The deals helped boost the day’s net foreign inflow to 2.18 billion rupees ($17.13 million), its highest since March 19, last year. The yearto-date foreign inflows stand at 2.53 billion rupees.

The main share index rose 0.29 percent or 16.66 points to 5,680.02, its highest Dec. 22.

The day’s turnover was 2.54 billion rupees, more than double of the daily average of 1.05 billion rupees this year.

The rupee ended firmer at 127.05/15 to the dollar from Wednesday’s close of 127.25/308.
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




Acquittal of TMVP Leader “Pillayan” From Murder Charges

On January 12, 2021, a three-judge bench of the Supreme Court imposed a sente

Military Training for Youth, Explained

As news broke out about Public Security Minister (Rtd) Rear Admiral Sarath We

Illegal clearing of Attidiya Sanctuary with powerful political patronage

Environmental destruction under political patronage is not new in Sri Lanka.

Bio Bubble Bursts on tissa safari drivers

Ukrainian tourists are visiting Sri Lanka at present with the involvement of

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.