Sri Lankan stocks rally for third day, foreigners sell
Oct 12, 2017 18:25 PM GMT+0530 | 1 Comment(s)
ECONOMYNEXT – Sri Lankan stocks rose for the third straight session Thursday, the benchmark index lifted by gains in Hatton National Bank, where foreign buying was seen, and Sri Lanka Telecom and Ceylon Cold Stores, brokers said.
The All Share Price Index rose 61.95 points (0.94%) to end at 6,621.56, the highest in two-and-a-half months, while the more liquid SP SL20 index closed up 47.22 points (1.22%) to reach 3,917.64. Turnover was Rs1.4 billion.
Asia Securities said estimated net foreign buying was mainly in HNB which closed at Rs270, up 2.7%, and net selling in John Keells Holdings, which ended unchanged at Rs163.
Crossings or off-the-floor negotiated deals accounted for 36% of turnover with two crossings each in Commercial Bank and JKH and one crossing each in Central Finance and Sampath Bank.
(COLOMBO, October 12, 2017)