Sri Lankan stocks end up, foreigners buy into Sampath Bank

ECONOMYNEXT – Sri Lankan stocks closed higher Wednesday with continued foreign selling in John Keells Holdings and foreign buying seen in Sampath Bank, brokers said.

The All Share Price Index closed at 6,035.27, up 9.01 points or 0.15 percent while the more liquid S&P SL20 index ended at 3,151.00, up 2.52 points or 0.08 percent. 

Crossings or negotiated block deals dominated the total turnover of 904 million rupees, brokers Asia Securities said.

Crossings accounted for 55 percent of the turnover with one crossing each in National Development Bank at 106.5o rupees and retailer Odel at 26.80 rupees a share.

Foreign investors were net sellers of 272.2 million worth of shares, with estimated net foreign buying mainly in Sampath Bank and selling mainly in JKH.

(COLOMBO, 12 December 2018)

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