Fri, 23 Feb 2024 Today's Paper

Shares hit near four-month closing high as blue chips rally

By

7 April 2017 09:47 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares rose for an eighth straight session yesterday to their highest close in nearly four months led by blue chips such as Ceylon Tobacco Company Plc and John Keells Holdings Plc as continued foreign buying boosted sentiment.
The Colombo stock index ended 0.83 percent firmer at 6,250.04, its highest close since Dec. 19, 2016. The index rose 1.1 percent last week, posting its first weekly gain in six. The index climbed 4.60 percent in the last eight sessions through yesterday.
“Market bounced back from its oversold position on foreign buying, Thanks to the blue chip counters. But whether this trend will continue or not is the question,” said Yohan Samarakkody, head of research, SC Securities.
“Everything depends on how foreign buyers react in the future.”
Foreign investors net bought shares worth Rs. 256.6 million ($1.69 million) yesterday, raising the year-to-date net foreign inflow to Rs. 6.33 billion in equities. They have net bought Rs. 3.84 billion worth equities in the past 13 sessions.
Turnover stood at Rs.578.05 million, less than this year’s daily average of Rs.745.1 million. Shares of Ceylon Tobacco Company Plc gained 3.44 percent, conglomerate John Keells Holdings Plc climbed 1.37 percent, while Colombo Cold Stores Plc rose 0.84 percent. 

 


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

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine 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





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

Human lives at stake… When protectors of the law become predators

On Thursday (January 18), a sub-inspector attached to the Narammala Police St

Research on sex work during Lankan civil war: Sex workers and their faint cries to access basic rights

A broken pair of rubber slippers kept on a display caught this writer’s eye

Newlywed Sri Lankans forced to remain childless

The ongoing economic crisis in the country is not only impacting the availabi

Paramedics and docs in tug of war over raise in DAT allowance

On Tuesday (January 9), staffers in the paramedic services launched an unanno