Sri Lankan shares end up, foreign buying in JKH

ECONOMYNEXT – Sri Lankan stocks closed higher Tuesday, buoyed by foreign buying of firms like John Keells Holdings (JKH) while there was retail investor interest in plantations, brokers said.

The All Share Price Index rose 18.42 points (0.29%) to end at 6,,428.07 while the more liquid SP SL20 index closed at 3692.52, up 8.83 points (0.24%). Turnover was Rs1,628 million.

First Capital Equities said gains in Ceylon Cold Stores (CCS) which has a big weighting on the index  helped push it up. CCS closed at Rs821.80, up 1.46%.

Trans Asia Hotel Plc ended 6.7% firmer at Rs80, while JKH, which saw the highest foreign buying, gained 0.2%.

There was a net foreign inflow of Rs130 million.

Asia Securities said crossings or off-the-floor negotiated deals accounted for 48% of the turnover with three crossings each in Hemas Holdings and JKH. There were also crossing in Balangoda and Madulsima plantations.
(COLOMBO, Sept 19 2017)

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