Stocks at 1-week high

Saturday, 14 December 2013 00:32 - - {{hitsCtrl.values.hits}}

REUTERS: Sri Lankan stocks rose for a third straight session on Friday to a week-high on buying in large-cap shares such as Nestle Lanka PLC, dealers said. The main stock index rose 0.04%, or 2.47 points, to close at 5,795.66, its highest since 9 December. The day’s gains added Rs. 1.03 billion ($ 7.87 million) in market value, while turnover stood at Rs. 414.6 million, well below this year’s daily average of Rs. 835.9 million. Shares in Nestle Lanka PLC rose 2.21% to Rs. 2,147, while Capital Trust PLC rose 4.9% to Rs. 75. Foreign investors were net sellers for the first time in four sessions. They sold Rs. 42.4 million worth of shares on Friday. But foreign investors were net buyers of Rs. 23.11 billion worth of shares so far this year. Sri Lanka’s stock and foreign exchange markets will be closed on Monday for a holiday. Trading will resume on Tuesday.

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