Home / / Bourse ends week on 5-month high

Bourse ends week on 5-month high


Comments / 1568 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

Banality of evil

27 August 2016

Namal Rajapaksa, Member of Parliament, the eldest son of former President Mahinda Rajapaksa, was interviewed recently on television. By and large the tone of the lengthy interview, nearly two hours in duration, was defensive, an attempt at validat...


Fast-track reforms to address skill gaps

26 August 2016

 The Sri Lanka Human Capital Summit (HCS) served as a platform for a dialogue between policymakers, business leaders, industry experts and global thought leaders. The conference also served as a platform to identify solutions to bridge the sk...


An old presidential ethic, or a new political culture?

26 August 2016

  THE X FILES – the more some things change, the more they remain the same… You could think we would know better by now not to make future heroes out of former zeroes. We have had our idolatrous fingers burned by ...


Post-Paada Yathra – Punditry and Polemics

26 August 2016

 Confusing friend and foe with right and wrong is an occupational hazard of partisan commentators. Dr. Dayan Jayatilleka is no exception to the rule. Despite the voluntary stepping on a discursive banana skin, his latest essay ‘Politic...


Columnists More