Sri Lanka Stock Market Rebounds
Sri Lanka Stocks closed higher as investors are anticipating positive news from Securities Exchange Commission of Sri Lanka (SEC). Market witnessed sharp decline last year after imposing strict broker credit rules. However it was done to prevent large-scale market manipulations.
At the end of Thursday’s trading ASI closed 77.41 points or 1.32 points higher to close at 5942.47 while MPI closed at 5065.68, up 55.46 points. Total turnover improved to 1.06 billion rupees.
Asia Asset Finance Limited (AAF.N0000) trading commenced today and closed 1.70 higher than IPO price at Rs 4.20. Its parent company Asia Capital Plc was up by five rupees to close at Rs 66.20. GREG was up by 5.30 to end the day at Rs 34.40. Index heavy weighted Fixed Line Telecom giant SLTL closed at Rs 47.00, up one rupee.
176 stocks made gains while only 33 stocks closed lower. John Keells Holdings Plc closed 2.30 lower at Rs 163.90. Aitken Spence Plc lost 1.50 to close at Rs 113.50. Aitken Spence has issued a statement as a clarification with regard to News Paper Article. Company said that they are currently negotiating with the shareholders of the Colombo International Container Terminal Ltd about the matter that published in Daily FT. The news paper reported Aitken Spence Plc’s possible pullout from Sri Lanka’s biggest ever FDI project.
Foreign investors were net sellers with net outflow of Rs 24,140,725.00.
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Tagged with: Colombo Stock Exchange • cse • daily
Filed under: Daily Stock Market Report
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Welcome IPO after long time nice to see a postive trend
Yes it is unbelievable success. AAF didn’t oversubscribe on opening day like other recent failed IPOs but currently trading more than 100% of the IPO price.
Please tell me what company is worth investing these days for a short buying and selling ?
Almost all Banking Stocks are trading at attractive valuations. Specially COMB.
what is happening to the share market today ???is it a big flop or what ???