Sri Lanka stocks close up 0.3-pct

COLOMBO, Nov 17, 2014 (EconomyNext) – Sri Lankan stocks closed 0.3 percent up Monday pushed up by stocks with a heavy weighting on the main index which crossed the 7,500 points mark last week on heavy foreign buying, brokers said.

Foreign purchases amounted to 202.6 million rupees and sales 44.1 million rupees, resulting in a net foreign inflow of 158.5 million rupees, stockbrokers Asia Securities said.

The benchmark All Share Price Index is up 27.3 percent this year and closed at 7,524.00, up 22.91 points during the day, while the S&P SL 20, which tracks the top 20 largest and most liquid stocks on the Colombo Stock Exchange, rose 14.26 points to close at 4,170.08.

Market capitalization was 3,195.1 billion rupees.

Bartleet Religare Securities said Dialog Axiata was the most heavily traded stock, closing at 13.10 rupees, up 5.6 percent, with several crossings or negotiated deals at 12.50 rupees, and banking and finance shares also actively traded

Foreign investors had been net buyers on all days of last week, generating a net foreign inflow of 2.49 billion rupees, the brokers said.

Lanka Securities Research said there were several crossings in Ceylon Guardian Investment Trust, Central Finance, Piramal Glass and Seylan Bank whose aggregate value represented 28 percent of total turnover.

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