CSE the World’s best performing stock market.
Chart – bloomberg.com
Colombo Stock Market hits new high today by crossing 5000 index points but closed just below the 5000 at 4999.05 up 55.52 points for the day. Milanla index also gained 73.29 points to close at 5669.19. Today’s total equity turnover was amounted to 2.30 billion rupees.
Index heavy weight JKH & SLT were the top two contributors for today’s gains. JKH was up by 5.50 to close at Rs 240.00 while SLT gained 75 cents to end the day at Rs 37.00. AVIVA NDB Insurance Plc was up by seventeen rupees to close at Rs 237.00. Ceylon Cold Stores Plc closed at 330.00, up 27 rupees. 
Distilleries Company of Sri Lanka Plc was up by 1.25 with the release their annual report & closed at Rs 127.50. Dialog Axiata Plc closed unchanged at Rs 10.50 with over 16 million shares traded.  Dialog reported Rs 1.37 rupee profit for the last quarter after reporting repeated losses in previous few quarters.
Plantations stocks were still on bullish trend as Kegalle Plantations Plc was up by 5.50 to close at Rs 106.75 while Namunukula Plantations Plc closed 5.75 higher at Rs 66.75. Udapusellawa Plantations Plc closed at Rs 41.75, up 3.75.
Foreigners were net buyers today with 335.6 million purchases & Rs 279.4 million sales. Retailers are expecting more foreign funds will come in to the market within next few months. 

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Filed under: Colombo Stock Marketdaily

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