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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

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» Banks, Finance & Insurance Sector Chart
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» What Industry Would You Choose to Focus?
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» Should I Stick Around, or Should I Follow Others' Lead?
Bourse gains for third session; look for cues from Budget EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Bourse gains for third session; look for cues from Budget

    stocks hunter
    stocks hunter
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    Top contributor


    Posts : 1280
    Join date : 2014-03-16

    Bourse gains for third session; look for cues from Budget Empty Bourse gains for third session; look for cues from Budget

    Post by stocks hunter Tue Oct 28, 2014 7:37 am

    Reuters: Stocks rose for the third straight session on Monday to a more than one-week high, erasing losses earlier in the day on buying in diversified and banking stocks as investors waited for clarity from last Friday’s 2015 Budget announcement and cues from company earnings.
    President Mahinda Rajapaksa, also the country’s Finance Minister, unveiled a Budget that sought to trim value-added tax and cut the deficit while providing a range of handouts, mainly for rural communities.
    Sri Lanka’s main stock index edged up 0.11%, or 7.60 points, to 7,221.08, its highest since 17 October.
    “No big changes as local retail investors are on the watch. They are looking for the proper direction from the budget,” said a stockbroker asking not to be named.
    The day’s turnover was Rs. 986.4 million ($7.55 million), less than this year’s daily average of Rs. 1.36 billion.
    Foreign investors sold a net Rs. 2.5 million worth of shares on Monday. They have bought a net Rs. 10.81 billion worth shares so far in the year, exchange data showed.
    The gains were led by conglomerate John Keells Holdings Plc which rose 0.81% to Rs. 249.90, while Dialog Axiata Plc rose 1.67% to Rs. 12.20.
    Shares in Commercial Bank of Ceylon Plc rose 0.69% to Rs. 159.80.
    Stockbrokers said trading in local shares may be volatile in the near term due to the revised presidential poll schedule and a possible bottoming out of interest rates.

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      Current date/time is Wed Dec 11, 2024 3:07 am