Wednesday, April 20, 2016

Sri Lanka *market update* ASPI close up 0.55-pct, net foreign inflow Rs.92.4Mn

ASPI closed at 6,423.13, up 35.28 points or 0.55 percent with gains in index heavy stock like John Kells Holdings and Ceylon Tobacco Company, brokers said. The day’s turnover was 577 million rupees with 94 stocks making gains and 49 ending negative. Over 2.1 million shares of Asiri Hospitals was traded during the day with the stock closing at 26.50 rupees, up 0.60 rupees.  Top contributory counters towards the day’s turnover were ACL Cables 81.5million rupees , John Keells Holdings (Voting) 81.3million rupees. Foreign purchases amounted to LKR 173.8mn (USD 1,197.7k), whilst foreign sales amounted to 81.3 million rupees. This resulted in a net foreign inflow of 92.4 million rupees being recorded at the end of the day’s trading.  Apr 20, 2016 04.30 p.m

Asian stocks were trading up on Wednesday at a four-month high boosted U.S. equities. Nine of the 10 industry groups on the MSCI Asia Pacific Index gained, led by raw-materials producers, media reports said.The Japan’s Topix index climbed 0.7 percent while benchmarks in Australia and South Korea advanced 0.3 percent. However, Hong Kong’s Hang Seng Index lost 0.5 percent and the Shanghai Composite Index was little changed. Apr 20, 2016 07.30 a.m

In oil – Oil fell as much as 2.2 percent after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer, a feregin media report said. “Crude oil slipped 1.8 percent to $40.34 a barrel in New York, having gained 3.3 percent on Tuesday amid a three-day labor strike that reduced Kuwait’s output by as much as 1.7 million barrels a day.” Brent crude lost 58 cents to $43.44 a barrel.  Apr 20, 2016 7.30 a.m

 

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