Sri Lankan shares end mixed, foreigners buy Seylan Bank non-voting

ECONOMYNEXT – Sri Lanka’s share market indices closed mixed Friday with foreign buying interest seen in non-voting shares of Seylan Bank, while there was also buying interest in Lion Brewery Ceylon and brokers said.

The All Share Price Index closed at 6,069.22, up 36.68 points (0.61 percent) while the more liquid S&P SL20 index fell 1.07 points (0.03 percent) to end at 3,193.99. Turnover was 612 million rupees.

Asia Securities said crossings or off-the-floor negotiated deals accounted for 26 percent of the turnover with two crossings in Lion Brewery and one in Seylan Bank non-voting shares.

Lion Brewery Ceylon closed unchanged at 555 rupees while Seylan Bank non-voting shares closed at 47.50 rupees, up 2.70 rupees (6.03 percent).

Foreign investors were net sellers of 193.2 million worth of shares, with estimated net foreign selling mainly in John Keells Holdings which ended at 161 rupees, down 10 cents (0.06 percent).

Estimated net foreign buying was highest in Seylan Bank non-voting shares.

Janashakthi Insurance Company, in which there had been speculative buying the day before, closed at 28 rupees, down 70 cents (2.44 percent).
(COLOMBO, December 07, 2018)

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