AIRLINK 172.79 Decreased By ▼ -2.94 (-1.67%)
BOP 13.25 Increased By ▲ 0.13 (0.99%)
CNERGY 7.41 Decreased By ▼ -0.13 (-1.72%)
FCCL 43.44 Decreased By ▼ -0.47 (-1.07%)
FFL 14.89 Decreased By ▼ -0.12 (-0.8%)
FLYNG 26.45 Decreased By ▼ -0.45 (-1.67%)
HUBC 129.70 Decreased By ▼ -0.53 (-0.41%)
HUMNL 13.25 Decreased By ▼ -0.09 (-0.67%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.01 Decreased By ▼ -0.05 (-0.83%)
MLCF 55.50 Decreased By ▼ -0.53 (-0.95%)
OGDC 212.30 Decreased By ▼ -2.47 (-1.15%)
PACE 5.91 Decreased By ▼ -0.07 (-1.17%)
PAEL 41.15 Increased By ▲ 0.25 (0.61%)
PIAHCLA 16.36 Increased By ▲ 0.04 (0.25%)
PIBTL 9.57 Decreased By ▼ -0.18 (-1.85%)
POWER 11.54 Decreased By ▼ -0.22 (-1.87%)
PPL 178.40 Decreased By ▼ -3.08 (-1.7%)
PRL 33.73 Decreased By ▼ -0.49 (-1.43%)
PTC 22.82 Decreased By ▼ -0.24 (-1.04%)
SEARL 94.20 Decreased By ▼ -1.52 (-1.59%)
SILK 1.18 Increased By ▲ 0.04 (3.51%)
SSGC 34.90 Decreased By ▼ -0.55 (-1.55%)
SYM 15.79 Increased By ▲ 0.04 (0.25%)
TELE 7.81 Decreased By ▼ -0.06 (-0.76%)
TPLP 10.81 Decreased By ▼ -0.17 (-1.55%)
TRG 60.72 Increased By ▲ 0.22 (0.36%)
WAVESAPP 10.76 Decreased By ▼ -0.05 (-0.46%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,035 Decreased By -18.8 (-0.16%)
BR30 36,355 Decreased By -112 (-0.31%)
KSE100 113,712 Decreased By -644.2 (-0.56%)
KSE30 35,053 Decreased By -294.3 (-0.83%)

Sri Lankan shares rose for the fourth straight session on Tuesday and closed at their highest level in more than seven weeks, with banks leading the gains. Turnover hit a two-week high due to buying across the board, while foreign investors continued to purchase Sri Lankan equities. The Colombo stock index ended 0.36 percent higher at 6,494.22, its highest close since August 10. The index gained 0.2 percent last week, in its third straight weekly gain.
Turnover stood at 1.3 billion rupees ($8.49 million), its highest since September 20 and well above this year's daily average of 915.1 million rupees. Strong buying interest continued to be seen along with foreign buying, said Dimantha Mathew, head of research at First Capital Holdings. "Investors were buying blue chips and there were all sorts of buying. We expect the overall positive sentiment in the market to continue for a few more days," he said.
Analysts said the market shrugged off a statement by the International Monetary Fund on Friday that Sri Lanka's central bank should be ready to tighten monetary policy to contain inflation and credit growth.
Foreign investors bought a net 9.6 million rupees worth of shares on Tuesday, extending the year-to-date net foreign inflow to 18 billion rupees worth of equities. Shares of Commercial Bank of Ceylon Plc, the country's biggest listed lender, rose 1.6 percent, Hatton National Bank Plc gained 2.1 percent and Cargills (Ceylon) Plc ended 3.8 percent firmer. Sampath Bank Plc rose 3.2 percent and conglomerate John Keells Holdings Plc ended up 0.6 percent.

Comments

Comments are closed.