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Foreign, Local Interest In Bourse

Jun 12, 2010 3:07:01 PM - thesundayleader.lk

Foreign and local interest in the bourse uplifted the benchmark a.s.p.i. and the more sensitive m.p.i. by 62 (1.4%) and 41 points (0.8%) over Thursday’s close to finish the week at 4558.24 and 5,178.37 respectively according to  preliminary data.
Interest was across the board, sources said, with John Keells, Commercial Bank, HNB and Seylan Bank (non voting) primarily driving the market. Turnover was Rs. 3.3 billion. “In a falling interest rate scenario locals have nowhere else to invest other than in the bourse,” they said. And with the improved country situation, foreigners are once more returning to the bourse, the sources said.