FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» SEC overhauls regulations governing market institutions and market intermediaries
by CHRONICLE™ Today at 9:03 am

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Yesterday at 12:44 pm

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by cseguide Yesterday at 11:34 am

» Analysis: China casts giant shadow over emerging nations' chase for debt relief
by ChooBoy Yesterday at 7:38 am

» In STOCK MARKET despite all odds, there is always hope. Never ever give in nor give up.
by atuts Sun Jul 03, 2022 2:14 pm

» India raises import tax on gold to support rupee and amid trade deficit
by ResearchMan Sat Jul 02, 2022 2:09 pm

» When will supply chain disruptions ease?
by ResearchMan Sat Jul 02, 2022 9:57 am

» Expolanka to continue its winning streak
by samaritan Fri Jul 01, 2022 4:12 pm

» Govt gets its priorities wrong
by samaritan Fri Jul 01, 2022 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Fri Jul 01, 2022 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Fri Jul 01, 2022 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Fri Jul 01, 2022 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Fri Jul 01, 2022 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Fri Jul 01, 2022 7:04 am

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka bourse edges up; heavy foreign outflows in Keells

Sri Lanka bourse edges up; heavy foreign outflows in Keells

2 posters

Go down  Message [Page 1 of 1]

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics


Aug 19 (Reuters) - Sri Lankan stocks edged up on Tuesday to near three-year highs, but the exit of a U.S. fund which sold shares of John Keells Holdings resulted in heavy outflows, though the sentiment was still positive due to lower interest rates.

U.S.-based fund Janus' selling in Keells resulted in net foreign outflows of 4.52 billion rupees ($34.7 million) on Tuesday, the worst since March 25, 2010.

Foreign investors have been net buyers of 7.49 billion rupees worth of shares so far this year.

"Janus exited after five years, and some local and foreigners bought the shares," said a stockbroker with knowledge of the deal, asking not to be named.

Another stockbroker said Janus had been looking for an exit for some time and was looking for a better price in Keells.

The main stock index closed up 0.1 percent, or 6.75 points, at 6,981.46, its highest finish since Sept. 9, 2011.

The index has gained 18 percent so far this year.

Turnover was 8.19 billion rupees, its highest since March 16 2012.

Conglomerate John Keells, which accounted for 88.77 percent of the day's turnover, rose 1.83 percent to 244.40 rupees a share. Foreign investors sold a net 18.9 million Keells shares, bourse data showed.

United Motors Lanka Plc, which led the gains in the overall index, rose 48.8 percent to 148.80 rupees. (1 US dollar = 130.1000 Sri Lankan rupee) (Reporting by Ranga Sirilal and Shihar Aneez; Editing by Prateek Chatterjee)

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Why this old news is posted now Smile

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum