Home / / Bourse ends week on 5-month high

Bourse ends week on 5-month high


Comments / 1579 Views / Saturday, 8 September 2012 00:34


Stocks extended gains for a ninth straight session on Friday, jumping 2% to a five-month high helped by blue chips and foreign buying.

The Colombo Stock Exchange’s main index gained 2%, or 107.93 points, to 5,496.85, its highest close since 4 April.



“Everybody is chipping in. Everybody is participating in the run and it’s mainly a sentiment-driven market,” said a stockbroker asking not to be named.

The new Head of the Securities and Exchange Commission, Nalaka Godahewa, is expected to come up with new ideas to revive the market, which has fallen 9.51% so far this year.



Turnover was Rs. 1.76 billion, more than double of this year’s daily average of Rs. 874.2 million. The Bourse saw foreign inflows of Rs. 155.1 million worth of shares, extending the net inflow so far this year to Rs. 28.66 billion.

The rupee closed at 132.30/35 against the dollar, slightly firmer than Thursday’s close of 132.38/40.


Share This Article


COMMENTS

Today's Columnists

Steamrolling of Central Bank by Minister of Finance: An unsavoury development?

23 January 2017

An unsavoury rift between the Central Bank and Minister of Finance A growing rift between Finance Minister Ravi Karunanayake and the senior management of the Central Bank is surfacing now, worrying both financial markets and prospective fo...


Sustainability: How that translates to agriculture

23 January 2017

Once cultivated, traditional paddy that is grown organically will establish its own markets based on the consumer demand   For the longest time the word “sustainable agriculture” was a catch phrase only. I...


Yahapalanaya lapses – Is Mahinda the option for Muslims?

21 January 2017

Former Minister, Speaker and Premadasa/Rajapaksa loyalist and National List nominee Parliamentarian A.H.M. Azwer along with a few other Muslim Mahinda diehards claim that Yahapalanaya under President Maithripala Sirisena and Prime Minister Ranil W...


First Sinhala talkie ‘Kadawunu Poronduwa’ was released 70 years ago

21 January 2017

History was made 70 years ago when the film ‘Kadawunu Poronduwa’ (Broken Promise) premiered at the Kingsley Theatre in Colombo on 21 January 1947. The Chief Guest was D.S. Senanayake, Minister of Agriculture and Lands under the State C...


Columnists More