Sri Lankan stocks up, foreign selling in Dialog Axiata
ECONOMYNEXT – Sri Lanka’s stock market closed higher Monday with foreign investors net sellers, the selling mainly in Dialog Axiata with volumes at a one month low ahead of the Christmas break, brokers said.
The All Share Price Index ended at 6,025.12, up 19.47 points or 0.3 percent while the more liquid S&P SL20 index rose 16.55 points or 0.5 percent, to close at 3,124.73.
Crossings or negotiated block deals in Ceylinco Insurance accounted for 87 percent of the turnover of 326 million rupees, while volumes slumped to a one month low, First Capital Holdings said.
Asia Securities said foreign investors were net sellers of 5.5 million rupees worth of shares, with the highest selling in Dialog Axiata while there was foreign buying in Central Finance.