Home / Front Page/ CSE climbs on foreign buying, post 3rd week of gains

CSE climbs on foreign buying, post 3rd week of gains


Comments / {{hitsCtrl.values.hits}} Views / Saturday, 8 September 2018 00:09

Facebook

Reuters: Shares ended slightly firmer on Friday, boosted by foreign buying, and posted their third straight week of gains.

The Colombo stock index ended 0.09% firmer at 6,117.89. The Bourse rose 0.6% during the week.

The day’s turnover was Rs. 274 million ($1.69 million), about a third of this year’s daily average of Rs. 796.7 million.

“Investors are awaiting the National Budget,” said First Capital Holdings PLC Assistant Manager – Research Atchuthan Srirangan.

The Government is set to unveil its 2019 National Budget in November.

Foreign investors bought a net Rs. 29.4 million of shares on Friday, recording the first session of net foreign buying in nine. But they have been net sellers of Rs. 4.3 billion worth of shares so far this year.

Shares of AIA Insurance Lanka Plc rose 4.8%, Sri Lanka Telecom Plc climbed 3.2% and Asiri Hospitals Plc closed 3.9% higher.


Share This Article

Facebook Twitter


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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

Death of a sentence?

Tuesday, 16 July 2019

Many a voice has been raised against the carrying out of the death sentence in Sri Lanka. It is inhumane, offends human rights, the State should not kill, the possibility of an error in the judicial process leading to the death of an innocent person


SL’s future depends not on outdated feudalistic system but on becoming partner of a digital economy

Monday, 15 July 2019

Calling Sri Lanka an agriculture-based country is a misnomer A widely-held view by many Sri Lankans is that Sri Lanka was an agriculture-based economy in the past and it should be so even in the future. The first part of this argument is only half-t


Competing with competencies: Developing future-proof Sri Lankans

Monday, 15 July 2019

Competencies are required to compete in an increasingly competitive global environment. Sri Lanka has slipped from 71st place to 85th on the World Economic Forum Global Competitiveness Index (GCI) last year. This shows a dismal picture as Sri Lanka i


Timing is everything

Monday, 15 July 2019

Imagine this scene – the boy totally in love decides to take the plunge and propose to her. He sets up everything perfectly. The ring, the restaurant, the menu and the post proposal music to celebrate. Everything is manicured to a fine detail. But


Columnists More