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Sri Lankan stocks close higher, foreign buying in JKH

ECONOMYNEXT – Sri Lankan stocks closed higher Friday with foreign buying in conglomerate John Keells Holdings and selling in celco Dialog Axiata, brokers said.

The All Share Price index gained 8.47 points (0.13%) to reach 6,509.46 while the S&P SL20 index of more liquid stocks rose 13.58 points (0.37%) to end at 3,679.93. Turnover was Rs825 million with only two crossings of off-the-floor negotiated deals which accounted for a quarter o turnover.

There was one crossing in Lion Brewery at Rs535, the price at which the stock closed, down Rs9.50 (-1.74%) and one crossing in Hemas Holdings at Rs126. It closed at the same price, up Rs2.00 (1.61%).

First Capital Equities said a high foreign participation was witnessed leading to a net foreign inflow into the market after two consecutive days of outflows.

Foreign buying was mainly in JKH which closed at Rs164.50, up Rs1.50 (0.92%) while selling was mainly in Dialog which ended unchanged at Rs13.50.
(COLOMBO, March 16, 2018)

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