Sri Lanka stocks flat, rupee steady
Mar 26, 2018 17:39 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka stocks closed flat on Monday with off market negotiated trades in Aitken Spence, John Keells Holdings, Commercial Bank and Richard Pieris driving up turnover, while the rupee was steady against the US dollar, brokers and dealers said.
The US dollar closed at 156.10/15 rupees in the spot market unchanged from Friday's close on thin trading volumes, dealers said.
The Colombo All Share index gained 0.08 percent to close 4.85 points higher at 6,448.60. The S&P SL20 of more liquid stocks gained 0.32 percent closing 11.71 points higher at 3,635.35.
Market turnover was 1.6 billion rupees, up 67 percent from Friday.
Off-market negotiated trades, or crossings, totalled 748.7 million rupees and was 47 percent of market turnover.
Five crossings in Aitken Spence (up 50 cents to 50.50 rupees) totalled 410 million rupees and three in JKH amounted to 143.4 million rupees. JKH gained 1.20 rupees to 159.70.
There were two crossings each in Commercial Bank (84.8 million rupees) and Richard Pieris (63 million rupees) and one in Tokyo Cement (47.5 million rupees).
Commercial Bank gained 10 cents to 134.10 rupees and Richard Pieris also gained 10 cents to close at 12.60 rupees. Tokyo Cement closed at 53.90 rupees up 90 cents.
Foreign selling was 354.8 million rupees, compared to 58 million rupees the previous day.
Net foreign selling in Aitken Spence was 410 million rupees, Asia Securities said. Foreign buying in Richard Pieris was 133 million rupees.
John Keells Holdings, CT Holdings (up 6 rupees to 185) and Dialog (up 10 cents to 13.50 rupees) contributed to the benchmark index gain.
Bukit Darah (down 17.10 rupees to 210), Commercial Leasing and Finance (down 10 cents to 2.70 rupees) and Laugfs Gas (down 1.90 rupees to 35) weighed down the index. (COLOMBO, March 26, 2018)