Tue, 17 May 2022 Today's Paper

Shares hit 3-week closing high as blue chips gain

19 September 2017 12:30 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares rose for a third straight session yesterday and ended at a three-week closing high as investors picked up diversified and telecom shares, brokers said.


The Colombo stock index ended 0.12 percent firmer at 6,409.65, its highest close since August 28.


The bourse rose 0.4 percent last week, ending an eight-week long losing streak.
“We are yet to see the bullish trend, but it is slowly coming into the market with some foreign buying,” said First Capital Holdings Head of Research Dimantha Mathew.“The Locals are a bit more conservative and are looking at only blue chips yet.”


Shares of conglomerate John Keells Holdings PLC gain 1.2 percent while Sri Lanka Telecom PLC ended 4.6 percent firmer, Melstacorp Ltd rose 1.7 percent and Dialog Axiata PLC ended 0.9 percent higher. Foreign investors net bought Rs.97.7 billion worth of shares yesterday, extending the year-to-date net foreign inflow to Rs.17 billion worth of equities.


Turnover stood at Rs.459.2 million, half of this year’s daily average of around Rs.918.3 million.


According to traders, recent block deals also helped boost the market sentiment.

On Wednesday after market hours, diversified conglomerate Hayleys PLC said it had agreed to purchase 61.73 percent of Singer Sri Lanka PLC for Rs.10.9 billion from Retail Holdings (Sri Lanka) BV a subsidiary of Retail Holdings NV.


Hayleys in a corporate disclosure said on Friday that Hayleys PLC and its subsidiaries purchased 231.9 million shares or 61.73 percent of Singer Sri Lanka PLC at a price of Rs.47 per share.


Last week, top mobile phone operator Dialog Axiata PLC said that it acquired 80.34 percent of Colombo Trust Finance PLC for Rs.1.072 billion. 

 

 

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 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.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  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 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.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


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 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.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


The Three Universal Truths in Buddhism

Buddhism is a moral and philosophical system, which expounds a unique path of

After night of terror, activists accuse government of smokescreening

On May 9, 2022, several hours before former Prime Minister Mahinda Rajapaksa

RECOVERY OF STOLEN ASSETS – Part I

The “#gotagohome” campaign that started a few weeks back demanding the Pr

‘GotaGoGama’ rises through ashes after Monday’s nightmare

A half burned down tent standing on plastic pillars, heaps of rubble from the