Sri Lanka stocks recover slightly
COLOMBO, Nov 20, 2014 (EconomyNext) – Sri Lankan stocks rose marginally Thursday lifted by gains in index heavyweights with the sole container glass manufacturer drawing the most interest and continued buying by foreign investors, brokers said.
Bartleet Religare Securities said the market "marginally picked up" towards the close of the day with the benchmark All Share Price Index, at a three-and-a-half year high, edging up 5.23 points (0.07 percent) to close at 7,530.33.
The S&P SL20 index, which tracks the top 20 largest and most liquid stocks on the Colombo Stock Exchange, gained 2.12 points (0.05% percent) to close at 4,190.93.
Turnover was 1.7 billion rupees.
Price gains in stocks like Nestle Lanka, John Keells Holdings and Commercial Bank propped up the main index.
Piramal Glass accounted for the biggest turnover and reached a 52-week high of 5.40 rupees while Lanka IOC, Textured Jersey Lanka and Access Engineering also were among heavily traded shares.
Foreign investors remained net buyers with a net foreign inflow of 365.95 million rupees.