REUTERS: Sri Lankan shares rose about 1 percent yesterday in heavy trade and posted their highest close in more than 10 weeks, with banks leading the gains, brokers said.
Turnover was Rs.1.43 billion (US$9.30 million), well above this year’s daily average of Rs.938.4 million. The Colombo stock index rose for a third straight session and ended 0.94 percent firmer at 6,621.56, its highest close since July 31.
“Interest on banks was high. Mid-cap and plantation shares were also on demand,” said Softlogic Stockbrokers deputy CEO Hussain Gani. Shares of Ceylon Cold Stores Plc ended 5.9 percent firmer, Hatton National Bank Plc rose 2.7 percent, DFCC Bank Plc ended up 6.1 percent and Sri Lanka Telecom Plc climbed 5.7 percent.
Foreign investors were net sellers of shares worth Rs.274 million yesterday, after having bought Rs.3.7 billion of equities in the 16 sessions through Tuesday. They have net bought Rs.20.2 billion worth of shares so far this year.
Add commentComments 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.
On the 18th of July 2018 at a press conference held at the OZO in Colombo, the Sri Lanka Gem & J
Recognizing and rewarding DFCC Bank’s success in financing Micro, Small and Medium Enterprises
Malabe is presently experiencing a surge in demand with the suburb investing heavily in information