Sri Lanka stocks end up, foreigners buy JKH
Oct 26, 2017 20:11 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lankan stocks closed higher Thursday with foreign investors net buyers, taking stakes in John Keells Holdings, the island’s biggest conglomerate, and banks, brokers said.
The All Share Price Index rose 18.65 points (0.28%) to close at 6,633.20 while the more liquid SP SL20 index closed at 3,896.03, up 34.58 points (0.90%). Turnover was Rs1.17 billion.
The benchmark ASPI was lifted by gains in Commercial Bank and Hemas Holdings.
Asia Securities said crossings or off-the-floor negotiated deals accounted for almost 40% of turnover with three deals in Hemas Holdings and two each in JKH) and Ceylon Cold Stores.
Foreign investors were net buyers of Rs36.1 million worth of shares with estimated net foreign buying mainly in JKH.
Estimated net foreign selling was mainly in Hatton National Bank.
(COLOMBO, October 26, 2017)