Mon, 06 Feb 2023 Today's Paper

Stocks gain on foreign investor buying

26 April 2018 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

REUTERS: Sri Lankan shares edged higher yesterday from their lowest close in more than one week as foreign buying provided some support to the market amid continued political uncertainty, stockbrokers said.


Foreign investors bought shares worth a net Rs.315.9 million yesterday but they have been net sellers of Rs.999.5 million worth of equities so far this year. The market has been awaiting signs of political stability after President Maithripala Sirisena suspended parliament until May 8. A cabinet reshuffle was expected on Monday but government sources said it had been delayed.

The Colombo stock index ended 0.26 percent firmer at 6,533.63, edging up from its lowest close since April 16 hit on Tuesday. The index gained 0.88 percent last week.


“High level of foreign interest in banking shares such as Sampath Bank helped the index,” said First Capital Holdings Research Head Dimantha Mathew.


“We have also seen some interest in blue chips after a while.”


Turnover stood at Rs.845.4 million, less than this year’s daily average of Rs.1.1 billion.


Shares of conglomerate John Keells Holdings PLC rose 1.9 percent, while Ceylon Cold Stores PLC ended 3.2 percent firmer.


Distilleries Company of Sri Lanka PLC closed 2.4 percent higher and Sampath Bank gained 1.3 percent. 

 


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

Pain and punishment

Should we spare the rod and spoil the child? Does it really happen? Children

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru