Sri Lanka stocks gain, rupee steady

ECONOMYNEXT – Sri Lanka stocks gained 0.45 percent on Friday on interest in Softlogic Holdings, and banking and finance companies, provisional data showed and the rupee was steady against the US dollar.

The rupee was steady trading at 154.30/32 rupees against the greenback, compared to Thursday’s close of 154.30/40, dealers said.

The Colombo All Share index closed 29.39 points higher at 6,572.29. The S&P SL20 index of more liquid stocks closed 15.24 points lower, down 0.41 percent to 3,723.55.

Market turnover was 451.9 million rupees down 65.2 percent from 1.3 billion rupees on Thursday, on trades in Softlogic Holdings (closing 1.10 rupees higher at 18.10 rupees) and Janashakthi Insurance (down 30 cents to 30.20 rupees).

Sampath Bank closed 4.30 percent lower at 320 rupees and Orient Finance closed 70 cents lower at 19.30 rupees. (COLOMBO, February 09, 2018)


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