Sri Lankaís stock market closed firmer on Wednesday, rising off a
two-month low as investors picked up battered shares in thin turnover
and volume amid forced selling worries.
Securities and Exchange Commission of Sri Lanka has ordered brokers
to collect all debts and stop credit transactions by June 30. They have
to cut their current debtorsí positions by at least 50 percent by March
The islandís main share index closed 1.23 percent or 86.60 points
firmer at 7,115.62. It hit a record closing high of 7,811.82 on Feb 14.
Foreign investors were net buyers of Rs 22.4 million worth of shares
The bourse is still Asiaís best performer with a 7.23 percent gain in
2011 after bringing in the regionís top return with 96 percent last
year. Turnover was Rs 904 million for the day.
Traded share volume was 33.5 million, against a five-day average of