Sri Lankan stocks close up, foreign buying in Ceylinco Insurance

ECONOMYNEXT – Sri Lankan closed higher Wednesday with turnover propped up by block deals as foreign investors bought into Ceylinco Insurance while there was continued foreign selling in John Keells holdings (JKH), brokers said.

The All Share Price Index closed at 6,120.69, up 3.06 points (0.05%) while the more liquid SP SL20 index rose 26.15 points (0.80%) to close at 3,312.53. Turnover was Rs968 million.

Asia Securities said crossings or block deals accounted for 43% of turnover with two crossings each in Ceylinco Insurance and Sampath Bank and one in JKH.

Foreign investors were net buyers of Rs576 million worth of shares, with estimated net foreign buying highest in Ceylinco Insurance, which closed at Rs1,997.80, up Rs247 (14.11%).

Estimated net foreign selling was mainly in JKH which closed at Rs141, up Rs4.50 (3.30%).
(COLOMBO, 08 August, 2018)

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