COLOMBO Dec 28 Sri Lankan shares closed about
half a percent higher on Wednesday, recovering from a more than
eight-month closing low hit in the previous session, led by blue
chips such as John Keells Holdings and Hatton National
Turnover was 1.73 billion rupees ($11.59 million), more than
twice the daily average of 739.5 million rupees for this year.
Commercial Bank of Ceylon and Sunshine Holdings
accounted for 48.3 percent and 44 percent of the
The Colombo stock index finished 0.41 percent higher
at 6,228.51, bouncing back from its lowest close since April 6
hit in the prior session. It shed around 2.1 percent in the 10
sessions through Tuesday.
"Blue chips lifted the market. I think it was mostly due to
window dressing ahead of the year-end," said Atchuthan
Srirangan, a senior research analyst with First Capital Equities
Foreign investors bought a net 16.2 million rupees worth
shares on Wednesday, extending the year-to-date net foreign
inflows to 627.5 million rupees in equities.
Top conglomerate John Keells rose 1.1 percent, while Hatton
National Bank gained 2.65 percent. Commercial Bank of Ceylon
closed 2.1 percent higher, while Sunshine ended flat.
($1 = 149.3000 Sri Lankan rupees)
(Reporting by Shihar Aneez; Editing by Subhranshu Sahu)