The Colombo Stock Exchange’s main index, or All Share Price Index (ASPI), ended 0.18%, or 10.39 points, higher at 5,926.29.
“The market is holding on, even though there is some retail selling, thanks to blue chips and foreign buying,” said a stockbroker who declined to be identified.
The index rose 19% in 15 sessions through to 17 September on hopes that a new Securities and Exchange Commission Head would come up with ideas to revive the market, which is down 2.44% this year.
The Bourse has been overbought since 28 August, Thomson Reuters data shows. The 14-day Relative Strength Index on Tuesday was at 82.488, well above the upper neutral range of 70.
Turnover on Tuesday was Rs. 1.1 billion ($ 8.39 million) compared with this year’s daily average of Rs. 923 million.
The Bourse saw a net foreign inflow of Rs. 190 million, extending the net foreign inflow this year to Rs. 30.35 billion.
The rupee closed firmer at 131.00/05 to the dollar compared with Monday’s close of 131.03/08 as banks bought rupees, dealers said.
source - www.ft.lk
No comments:
Post a Comment