Sri Lankan shares rise, foreigners buy into Tokyo Cement

ECONOMYNEXT – Sri Lankan shares rose for the fourth straight day Tuesday with the benchmark index pushed up by gains in banks and conglomerates and foreigners continuing to be net buyers, brokers said.

The All Share Price Index rose 23.26 points (0.36%) to close at 6,494.22 while the more liquid SP SL20 index closed up 43.21 points (1.16%) at 3,752.87. Turnover was Rs1.3 billion.

First Capital Equities said “moderate foreign participation” led to a marginal net foreign inflow into the market.

Foreign buying was mainly in Tokyo Cement, Commercial Bank, John Keells Holdings, Hemaas Holdings and Access Engineering

Foreign selling was mainly in Elpitiya Plantations, Tokyo Cement non voting shares and ACL Cables.

Asia Securities said crossings or off-the-floor negotiated deals accounted for 36% of the turnover with two crossings each recorded in Tokyo Cement and Nestle Lanka and one crossing in JKH.

(COLOMBO, Oct 03, 2017)

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