Thu, 08 Dec 2022 Today's Paper

Shares end steady, hover near 6-week closing low

28 July 2017 09:42 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares ended steady in thin trade yesterday as gains in financials were offset by losses in industrial shares, with foreign investors continuing to be net buyers.


The Colombo stock index ended almost unchanged at 6,669.05. On Tuesday, the index recorded its lowest close since June 13.


Shares of diversified conglomerate Hemas Holdings Plc fell 1.0 percent, while Hatton National Bank Plc rose 0.13 percent.


Turnover stood at a one-week high of Rs.780.9 million, but less than this year’s daily average of around Rs.898 million.


“The foreign buying is still there and we see local retail and institutional investors are settling for price,” said Hussain Gani, deputy CEO at Softlogic Stockbrokers.


Foreign investors bought shares worth a net Rs.203.5 million (US$1.32 million) yesterday, extending the year-to-date net foreign inflow to Rs.25.4 billion.


Stockbrokers said market sentiment has improved after the government approved a key port deal.
Sri Lanka’s cabinet cleared a revised agreement for leasing its Chinese-built southern port of Hambantota on Tuesday, after terms of the first pact sparked widespread public anger in the island nation.

Colombo’s overall macro-footing will improve upon the conclusion of the port deal, said Shailesh Kumar, Eurasia’s senior analyst for Asia in a report.


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop 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




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Economy Decoded! Let’s talk about tax!

We explain the proposed new tax reforms in Sri Lanka and what it means

She said/He said

Much has been written and said in the last few days since the news was releas

POLICE ON TRIAL: Exercising Authority without Accountability

Although armed with the power of the State and empowered to use force against

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning