Bourse up led by blue-chips; turnover subdued

Friday, 18 December 2015 23:53 - - {{hitsCtrl.values.hits}}

Reuters: Sri Lankan shares ended firmer for a fourth straight session on Friday at a more-than-two-week high led by blue chips, despite some selling by foreign investors.

The turnover was subdued as many investors and stockbrokers were on holidays ahead of Christmas next week.

The main stock index ended up 0.36% at 6,884.69, the highest close since 1 December.

Foreign investors sold a net Rs. 99.1 million (USD 690,352) worth of equities on Friday, extending the net outflow to 4.17 billion rupees so far this year.

Turnover stood at Rs. 696.8 million (USD 4.85 million), just above half of this year’s daily average of Rs. 1.1 billion.

The market is expected to be lacklustre with low turnover due to year-end holidays starting next week, stockbrokers said. Markets will be closed on both Thursday and Friday.

Top conglomerate and market heavyweight John Keells Holdings and fixed-line phone operator Sri Lanka Telecom gained over 2% each, helping the overall index gain.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.