COLOMBO, March 13 (Reuters) - Sri Lankan shares rose
slightly on Tuesday and posted their highest close in nearly two
weeks as investors picked up beverage and telecom stocks, and
foreign investors returned to the market following a communal
violence last week, dealers said.
Foreign investors bought a net 1.2 billion rupees ($7.71
million) worth of shares, extending the year-to-date net foreign
inflow to 7.3 billion rupees worth of equities.
Analysts said local and foreign investors returned to the
market a week after a wave of anti-Muslim attacks by Sinhalese
Buddhist hardliners in the central highlands district of Kandy.
The Colombo stock index ended 0.11 percent firmer at
"It is a positive sign that both locals and foreigners are
buying after a long wait," said Dimantha Mathew, head of
research, First Capital Holdings.
Turnover was 2.5 billion rupees on Tuesday, the highest
since Feb. 26 and more than double of this year's daily average
of around 960.4 million rupees.
Shares in Asian Hotels and Properties Plc ended up
3.8 percent, Dialog Axiata Plc gained 1.5 percent and
Singer Sri Lanka Plc rose 2.7 percent.
($1 = 155.6500 Sri Lankan rupees)
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.