Sri Lankan stocks end up 0.8-pct

ECONOMYNEXT – Sri Lankan stock ended higher Tuesday with foreign investors net buyers and the SP SL20 index making its highest daily gain in over a year, brokers said.

The All Share Price Index closed at 6,179.88, up 49.26 points (0.8%) while the more liquid SP SL20 index rose 42.48 points (1.27%) to close at 3,378.55.

NDB Securities said it was the S&P SL20’s highest daily gain in 15 months.

The indices were pushed up by price gains in John Keells Holdings, Dialog Axiata and Hatton National Bank.

“High net worth and institutional investor participation was witnessed in John Keells Holdings, Teejay Lanka, Commercial Bank and Sampath Bank,” NDB Securities said.

Crossings or block deals accounted for 35% of the turnover of Rs455 million, Asia Securities said.

There were two crossings in TJL, and one each in JKH, Sampath Bank and Commercial Bank.

Foreign investors were net buyers of Rs7.2 million worth of shares, mainly in TJL.

Estimated net foreign selling was mainly in Sampath Bank.

(COLOMBO, July 17, 2018)





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