Sri Lanka stocks gain 0.14-pct, rupee stable
ECONOMYNEXT – Sri Lanka stocks gained 0.14 percent Tuesday with John Keells Holdings and Sampath Bank diving turnover, while the rupee was stable against the US dollar, brokers and dealers said.
The rupee weakened marginally to 155.55/65 against the US dollar in the spot market on subdued seasonal import demand, dealers said. The US dollar closed at 155.50/60 rupees the previous day.
The Colombo All Share Index gained 8.73 points to 6,439.83, and the S&P SL20 of more liquid stocks closed 9.63 points higher, up 0.26 percent, to 3,656.61.
Market turnover was 499.2 million rupees, down 27 percent from the previous day.
Foreign selling was 43.4 million rupees, against buying worth 102.3 million rupees the previous day.
Foreign selling in JKH was 100.6 million rupees, Asia Securities said. Foreign buying in Sampath Bank was 92.5 million rupees.
JKH gained 10 cents to 158 rupees and Sampath Bank closed 2.30 rupees higher at 301.90 rupees.
Off-market negotiated trades, or crossings, amounted to 292.9 million rupees and was 58.7 percent of market turnover.
Two crossings in JKH totalled 176.3 million rupees and one in Sampath Bank was 91 million rupees.
A single crossing in Alumex was worth 25.7 million rupees. Alumex gained 10 cents to 17.10 rupees.
Lanka Orix Leasing (up 4.60 rupees to 128.20 rupees), Commercial Bank (up 1.50 rupees to 136.50 rupees) and Vallibel One (up 70 cents to 22.90 rupees) contributed to the benchmark index gain. (COLOMBO, 10 April, 2018)