Home / / Bourse ends week on 5-month high

Bourse ends week on 5-month high


Comments / 1585 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

Should the BOI be shut down?

28 July 2017

Justice Minister Dr. Wijeyadasa Rajapakshe very boldly stated at the Sri Lanka Economic Summit on Wednesday that the Board of Investment should be shut down. The BOI is the PM’s brainchild and an offshoot of the GCEC.  Wijeyadasa went...


Quotas with ‘zipping’ for women in local government

28 July 2017

The other day I met a woman who is a card-carrying member of a major political party. She is the president of the midwives association in her area. She exuded leadership. She has so much to share with her community about health, lifestyles and oth...


The delicious ironies of idiotic democracy

28 July 2017

Life, as a musically-inclined poet of a previous age once essayed, is what happens when you are planning to do something else. Well, the same may be said for the intentions of Good Governance: that the best-laid plans of mice and men gang aft agle...


‘Into Africa’ – from troubled continent to a land of opportunities

28 July 2017

It was the continent that made headlines for all the wrong reasons: the great famine in Ethiopia and HIV pandemic in 1980s, the Rwandan genocide in 1990s, and the Somalian civil war in 2000’s grabbed headlines. By mid-2000 some of the Afric...


Columnists More