Sri Lankan stocks up, foreign buying of Com Bank, JKH
ECONOMYNEXT – Sri Lankan stocks closed higher on Wednesday, lifted by the acquisition of stakes in banks and conglomerates by foreign investors who were net buyers for the day, brokers said.
The All Share Price Index closed at 6,452.91, up 24.84 points (0.39%), while the more liquid SP SL20 index rose 23.73 points (0.64%) to close at 3,716.25. Turnover was just over 1.5 billion rupees.
Asia Securities said foreign investors were net buyers of 556.6 million rupees worth of shares.
Most foreign buying was in Commercial Bank, telco Dialog Axiata and conglomerate John Keells Holdings.
(COLOMBO, Sept 20 2017)