Home / Front Page/ Blue chips help Bourse gain to 9-week high

Blue chips help Bourse gain to 9-week high


Comments / {{hitsCtrl.values.hits}} Views / Saturday, 7 October 2017 01:15


Reuters - Sri Lankan shares rose for a sixth straight session on Friday and closed at their highest in nine weeks as blue chips gained.

The Colombo stock index ended 0.34% higher at 6,529.05, its highest close since Aug. 4. The bourse rose 1.4% for the week, recording its fourth straight weekly gain.

Turnover stood at Rs. 922 million ($6.02 million), in line with this year’s daily average of Rs. 923.4 million.

“The market is moving up steadily after breaching the psychological barrier of 6,500,” said Dimantha Mathew, head of research at First Capital Holdings.

“There was some profit-taking but the market is moving up on continued buying.”

Shares of Asiri Hospitals Plc gained 5.2% while Hatton National Bank Plc ended 1.1% higher and conglomerate John Keells Holdings Plc rose 0.2%.

Foreign investors, who bought a net Rs. 19.9 billion worth of equities so far this year, were net sellers of Rs. 82.3 million worth of shares on Friday. Sri Lanka’s markets were closed on Thursday for a Buddhist holiday.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Ranil’s tactical success, Mahinda’s strategic victory

Wednesday, 21 February 2018

Who will defeat the UNP? The people, with or without the Sri Lanka Freedom Party. That was proved at the local government


Betraying the very foundation of the Unity Government- Consensus

Wednesday, 21 February 2018

Soon after the results of the Local Government bodies were released, it was reported that the President wanted the resignation of the Prime Minister


Sri Lankan consumer under pressure

Wednesday, 21 February 2018

Whilst Sri Lanka is grappling to understand how to structure the Government to run the country, the reality is thWhilst Sri Lanka


More of the same

Tuesday, 20 February 2018

Those of you who’ve read what I have written over the years could, justifiably, experience a sense of déjà vu as you read what follows. That said, I will make no apology for the burden of this piece because it will, again, state the eternal verit


Columnists More