COLOMBO Feb 23 Sri Lankan shares ended slightly
firmer on Thursday, further moving away from a more than
one-week closing low hit earlier in the week, as
better-than-expected corporate earnings boosted sentiment,
although concerns over rising rates capped gains.
The Colombo stock index ended 0.14 percent firmer at
6,138.14. It fell 0.35 percent on week.
The bourse will remain closed on Friday for a Hindu
"December-quarter earnings helped boost sentiment. Some
companies have reported better-than-expected earnings," said
Prashan Fernando, CEO at Acuity Stockbrokers.
Commercial Bank of Ceylon Plc, which posted a 25.8
percent increase in profit for the quarter ended Dec. 31, rose
Shares in Lion Brewery Plc jumped 4.9 percent,
while Carson Cumberbatch Plc climbed 4.8 percent and
Hatton National Bank Plc rose 1.7 percent.
Turnover stood at 356.4 million rupees ($2.36 million), well
below this year's daily average of 605.6 million rupees.
Foreign investors net bought 79.5 million rupees worth of
equities on Thursday, but they have net sold 135.5 million
rupees worth shares so far this year.
Yields on treasury bills have risen to more than four-year
highs, while the central bank has kept key policy rates on hold.
($1 = 151.2500 Sri Lankan rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Biju