Bourse up led by JKH, Nestle

Wednesday, 7 August 2013 00:17 - - {{hitsCtrl.values.hits}}

Reuters: Shares edged up on Tuesday as investors bought select stocks such as market heavy weight John Keells Holdings and Nestle Lanka in light trading. Analysts said investors were cautious and waited for direction despite the Central Bank’s policy easing as concerns over a weakening rupee and high lending rates dented sentiment. The main share index closed 0.12% or 7.27 points firmer at 6,121.45. Shares in John Keells Holdings rose 0.49% to Rs. 269.20. Nestle Lanka, which produces and markets food and dairy products, rose 5.08% to 2,049.00 after Sri Lanka ordered an immediate suspension of New Zealand milk powder imports and recalled products from the market. Turnover was Rs. 531.8 million ($ 4.04 million), well below this year’s daily average of about Rs. 930 million. Foreign investors were net buyers of Rs. 150.35 million worth of shares, extending the net foreign inflow so far this year to Rs. 16.1 billion.

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