Sri Lankan shares ended firmer on Tuesday, recovering from their lowest close in over five months hit in the previous session, led by diversified and financial stocks while foreign investor purchases boosted sentiment. Foreign investors bought net 182.9 million rupees ($1.16 million) worth of equities on Tuesday, but the market has witnessed a year-to-date net foreign outflow to 641.1 million rupees worth of shares.
The Colombo stock index closed 0.23 percent higher at 6,409.51. Turnover was 680.6 million rupees, well below this year's daily average of 991.1 million rupees. Shares in conglomerate John Keells Holdings Plc ended 1.9 percent higher, while Ceylon Tobacco Co Plc ended 1.0 percent up, Nestle Lanka Plc closed 2.7 percent firmer and Sampath Bank Plc ended up 2.4 percent.
Sri Lanka Telecom Plc closed 3.5 percent higher and Dialog Axiata Plc ended 1.4 percent firmer. "Market is positive mainly due to the foreign and local buying in John Keells and Sampath Bank," said Hisham Haniffa, assistant manager, Softlogic Stockbrokers (Pvt) Ltd.
Comments
Comments are closed for this article.