Mon, 20 Sep 2021 Today's Paper

Stocks end higher in light trade; banks, telcos lead

21 April 2018 12:13 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan share index ended slightly firmer in a holiday-shortened trading session yesterday, hovering near a five-week closing high hit earlier in the week, as investors picked up banking and telecommunication shares. 


Many market participants continued to stay away due to extended holidays after the Sinhala-Tamil New Year festival last weekend, brokers said. 
The market was closed at 0630 GMT yesterday due to a half-a-day bank holiday. 


The Colombo stock index ended 0.19 percent firmer at 6,540.97. The index gained 0.88 percent during the week. 


“Blue-chip counters pushed the index higher in low trade as most investors are on the sidelines,” said Atchuthan Srirangan, assistant manager - research, First Capital Holdings PLC. 


“Some crossings helped to boost the turnover.” 


Turnover stood at Rs.418.5 million (US$2.68 million), less than half of this year’s daily average of Rs.1.1 billion. 


Shares of Lanka ORIX Leasing Company Plc ended 1.5 percent firmer, while Union Bank Plc closed up 4.9 percent and Sri Lanka Telecom Plc ended up 1.8 percent. 


The market has been waiting for some political stability after President Maithripala Sirisena suspended parliament until May 8, brokers said. 
Foreign investors sold shares worth a net Rs.5.3 million yesterday, extending the year-to-date net foreign outflow to Rs.1.28 billion worth of equities. 


The Central Bank unexpectedly cut its key lending rate by 25 basis points early this month, as policy makers sought to revitalise an economy growing at its weakest pace in 16 years and facing heightened political uncertainty. 

 

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




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.

 


Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India

Young families share stories of pregnancy in a pandemic

For hundreds of expectant and new mothers, pregnancy and childbirth are nothi

“Your travel plans should not come first” – Dr. Dinu Guruge

In a recent live discussion on fighting the Covid-19 pandemic hosted by Daily