Block deals dominate Sri Lanka stock trading, foreign buying in HNB
ECONOMYNEXT – Sri Lanka’s stock market indices closed mixed Thursday with negotiated deals in banking stocks accounting for most of turnover as foreign investment continued, investors buying into Hatton National Bank (HNB), brokers said.
The benchmark All Share Price Index fell 3.84 points (0.06%) to close at 6,459.66 while the more liquid SP SL20 index closed at 3,745.26, up 2.41 points (0.06%) with turnover at Rs1.5 billion.
Crossings or off-the-floor negotiated deals accounted for 80.0% of the turnover with four crossings each in HNB and Melstacorp, Asia Securities said.
Foreign investors were net buyers of Rs1,317.2 million worth of shares, mostly in HNB, which closed up 0.2% or 50 cents at Rs250.50.
Net foreign selling was mainly in Sanasa Development Bank which closed up 1.4% or Rs1.40 at Rs102.50.
(COLOMBO, January 04, 2018)