COLOMBO May 7 Sri Lankan stocks rose on
Wednesday to hit a more than three- month closing high, led by
shares of large cap companies traded in high volumes, while
foreign inflows and a lower interest rate regime helped boost
sentiment, dealers said.
The main stock index rose 0.43 percent, or 26.47
points, to 6,252.60, its highest close since Jan. 24.
The day's turnover was 1 billion rupees ($7.66 million),
more than this year's daily average of 969.3 million rupees.
Offshore investors were net buyers of 270.6 million rupees
worth of stocks on Wednesday, but they have been net sellers
worth 6.94 billion rupees so far this year.
Shares in large cap Bukit Darah PLC rose 1.47
percent to 612.8 rupees, while Ceylon Tobacco Company PLC
rose 1.51 percent to 1,099.4 rupees.
The market gained 4.28 percent in April as some retail
investors started buying risky assets across the board as the
central bank kept policy rates steady at multi-year lows for the
third straight month.
($1 = 130.5950 Sri Lanka Rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by