Bourse up at 7-week high on foreign inflows

Friday, 11 October 2013 03:33 - - {{hitsCtrl.values.hits}}

Reuters: Stocks rose to their seven-week closing highs on Thursday, led by large caps such as Ceylon Tobacco Company PLC and foreign inflows into Sri Lanka’s risk assets. The main share index rose 0.8%, or 47.42 points, to 5,957.37, its highest close since 22 August. Foreign investors were net buyers of Rs. 165.7 million ($ 1.26 million) worth of shares, extending the net buying so far this year to Rs. 21.24 billion. Shares in market heavyweight Ceylon Tobacco Company PLC rose 2.86% to Rs. 1,180.40. The day’s turnover was Rs. 575.1 million, well below this year’s daily average of about Rs. 871 million.

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