Sri Lankan shares up, foreign buying in JKH, Com Bank
Oct 30, 2017 17:36 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka’s benchmark stock index closed lower Monday while foreign buying of John Keells Holdings and Commercial Bank pushed up turnover, brokers said.
The All Share Price Index fell 5.77 points (0.09%) to close at 6,607.14 while the more liquid SP SL20 index closed at 3,879.12, up 6.62 points (0.17%). Turnover was Rs2.5 billion, 79% of which was made up of crossings or off-the-floor negotiated block deals.
Asia Securities there were six crossings in JKH, one in Commercial Bank, three in Lion Brewery, and two in Sampath Bank. JKH closed unchanged at Rs161 while Commercial Bank rose 2.44% to Rs147.10.
“Foreign investors were net buyers of Rs136.5 million worth of shares, while their participation in terms of revenue increased to 82.7% from the previous day’s 16.5%,” the brokers said.
Estimated net foreign buying was mainly in JKH and Commercial Bank while net foreign selling was mainly in Dialog Axiata.
(COLOMBO, October 30, 2017)