Foreigners buy more Colombo Stocks
Despite falling Rupee, Monday’s net foreign inflow amounted to Rs 2,532,499,670.00. According to the brokers a foreign investor bought a five percent stake in Aitken Spence (SPEN). A fully owned subsidiary of Distilleries Company of Sri Lanka already announced a mandatory offer to buy 100% issued shares of SPEN. However SPEN closed 80 cents higher at Rs 116.00.
At the end of Monday’s trading Colombo All Share Index (ASI) closed almost unchanged at 5449.46 while Milanka Index closed at 24.83 points higher at 4889.08. Total turnover for the day amounted to 3.13 billion rupees.
John Keells Holdings Plc (JKH) continues its upward trend and closed 4.90 higher at Rs 200.00. CTC was up by 8.40 to close at Rs 509.10.
118 stocks lost their value today and only 77 stocks made gains. Illiquid Lanka Ashok Layland Plc was down by 248.60 to close at Rs 2241.40 while Selinsing Plc, a Carson Group Company closed 207.40 lower at Rs 1102.60. Index heavy Sri Lanka Telecom Plc lost 2.80 to close at Rs 45.70. Softlogic lost 10 cents and closed at Rs 12.80.
Mackwoods Energy Limited will open it’s IPO subscription list on 22nd March 2012. Mackwoods Energy is offering 25,000,000 Ordinary Voting Shares at a Price of LKR 14.00 per share.Tags: Colombo Stock Exchange, cse, daily
Filed under: Daily Stock Market Report
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