Sri Lankan stocks hit six-week high

COLOMBO (EconomyNext) – Sri Lankan stocks closed marginally up Wednesday, at its highest in six weeks, as Treasury Bill yields fell further with investors buying into banks while foreigners were net sellers, brokers said.

The All Share Price Index ended at 7,117.13, up 18.53 points (0.26%) while the S&P SL 20 index, which tracks the top 20 largest and most liquid stocks, closed at 4,029.61, up 3.18 points (0.08%).

Turnover was just over a billion rupees.

Bartleet Religare Securities said there was buying interest in the banking and finance sector, mainly in stocks like Commercial Bank, Haton National Bank, Nations Trust Bank and Sampath Bank.

"Institutional investors were more active during today’s trading session compared to
retail investors," the brokers said.

Foreign investors were on the selling side with a net foreign outflow of 131.85 million rupees.

 

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