Sri Lanka stocks flat, rupee steady
Mar 02, 2018 18:05 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka stocks closed flat on Friday on foreign buying in John Keells Holdings and Dialog, while the rupee was steady against the US dollar, brokers and dealers said.
The rupee closed the week steady at 155.15/20 rupees against the US dollar, compared to Wednesday's 155.10/15 closing, dealers said.
The Colombo All Share index gained 5.24 points, up 0.08 percent, to close at 6,557.02. The S&P SL20 of more liquid stocks closed 7.41 points higher, up 0.20 percent, at 3,717.55.
Market turnover was 449.5 million rupees, down 57 percent from the previous close.
John Keells (up 2.80 rupees to 163 rupees), Ceylinco Insurance (up 111.20 rupees to 1,714.90 rupees) and Dialog (up 20 cents to 13.70 rupees) contributed to the benchmark index's gain.
Janashakthi Insurance (down 4.30 rupees to 26.40 rupees), Asian Hotels and Properties (down 2.70 rupees to 50.40 rupees) and CT Holdings (down 6.30 rupees to 185.70 rupees), weighed down the index.
Net foreign selling was 139.3 million rupees, up 9.4 percent from the previous close.
Foreign selling in Commercial Bank was 103 million rupees.
Foreign buying in JKH was 27 million rupees and 15 rupees in Dialog.
Off-market negotiated trades, or crossings, totalled 183 million rupees and nearly 41 percent of market turnover.
One crossing in Commercial Bank (down 50 cents to 138 rupees) amounted to 104.4 million rupees and two in Kelani Tyres (up 1.10 rupees to 45.40 rupees) totalled 78.7 million rupees. (COLOMBO, March 02, 2018)