Sri Lanka bourse hits new record; rupee firmer
nuanho nuanho
Tue Jan 5, 2010 5:03pm IST
By Ranga Sirilal
COLOMBO, Jan 5 (Reuters) - Sri Lankan shares .CSE on Tuesday rose for
the second consecutive day to hit a new record high on strong
turnover.
The rupee currency LKR= closed firmer after the central bank lowered
dollar buying rates in line with weakening of dollar globally.
The All-Share Price Index .CSE of the Colombo Stock Exchange rose 1.55
percent to 3,535.81 points by midday, surpassing its previous peak of
3,490.56 hit on Jan. 4.
It closed 38.30 points or 1.1 percent firmer at a record closing high
of 3,519.94.
"The market is up with healthy turnover on across the board buying,"
said Asmath Iqbal, an investment analyst at John Keells Stockbrokers
in Colombo.
"Investors are getting into positions ahead of elections regardless of
who will win, thinking foreign investors who are sidelined will be
back after the elections."
http://in.reuters.com/article/companyNews/idINSGE6040DY20100105