AGL 40.38 Increased By ▲ 0.38 (0.95%)
AIRLINK 126.85 Decreased By ▼ -0.19 (-0.15%)
BOP 6.63 Decreased By ▼ -0.04 (-0.6%)
CNERGY 4.43 Decreased By ▼ -0.08 (-1.77%)
DCL 8.60 Increased By ▲ 0.05 (0.58%)
DFML 41.51 Increased By ▲ 0.07 (0.17%)
DGKC 86.60 Decreased By ▼ -0.25 (-0.29%)
FCCL 32.13 Decreased By ▼ -0.15 (-0.46%)
FFBL 64.82 Increased By ▲ 0.02 (0.03%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 109.40 Decreased By ▼ -0.17 (-0.16%)
HUMNL 14.70 Increased By ▲ 0.02 (0.14%)
KEL 5.10 Increased By ▲ 0.05 (0.99%)
KOSM 7.43 Decreased By ▼ -0.03 (-0.4%)
MLCF 41.29 Decreased By ▼ -0.09 (-0.22%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.81 Increased By ▲ 3.71 (1.95%)
PAEL 28.12 Increased By ▲ 0.29 (1.04%)
PIBTL 7.77 Decreased By ▼ -0.06 (-0.77%)
PPL 150.90 Increased By ▲ 0.84 (0.56%)
PRL 26.49 Decreased By ▼ -0.39 (-1.45%)
PTC 16.12 Increased By ▲ 0.05 (0.31%)
SEARL 78.25 Decreased By ▼ -7.75 (-9.01%)
TELE 7.45 Decreased By ▼ -0.26 (-3.37%)
TOMCL 35.47 Increased By ▲ 0.06 (0.17%)
TPLP 8.24 Increased By ▲ 0.12 (1.48%)
TREET 15.95 Decreased By ▼ -0.46 (-2.8%)
TRG 52.67 Decreased By ▼ -0.62 (-1.16%)
UNITY 26.55 Increased By ▲ 0.39 (1.49%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,941 Increased By 57.7 (0.58%)
BR30 30,909 Increased By 309.4 (1.01%)
KSE100 93,895 Increased By 539.6 (0.58%)
KSE30 29,085 Increased By 154 (0.53%)

Sri Lanka's bourse hit a new record high on Thursday as institutional investors started buying in large quantities after the International Monetary Fund approved the island nation's loan tranche with positive comments. The island's main share index touched a new intraday high of 7,367.41 before closed 1.16 percent or 84.55 points firmer at a record close of 7,346.81, surpassing Wednesday's record close of 7,262.26.
Foreign investors sold a net 119.6 million rupees' worth shares on Thursday and have sold a net 3 billion rupees so far in 2011, after selling a record net 26.4 billion in 2010. Traded share volume was 136.6 million, against a five-day average of 102.6 million. The 30-day and 90-day average trading volumes were 88.3 million and 71.8 million respectively. Last year's daily average volume was 69.2 million.
The bourse has been Asia's best performer with a 10.71 percent gain in 2011 after being the top performer last year with a 96 percent return. Recent retail buying has pushed it deeper into the overbought region with the 14-day relative strength index at 79.8. The bourse is trading at a forward price-to-earnings (P/E) ratio of 17.2, one of the highest among emerging markets, compared with 13 in Asian markets and 11.9 in global emerging markets, Thomson Reuters StarMine data showed. Turnover was 4.7 billion rupees ($37.3 million), more than last year's daily average of 2.4 billion. The rupee closed weaker at 110.95/111.05 a dollar.

Copyright Reuters, 2011

Comments

Comments are closed.