On Wednesday, Sri Lanka's stock market relief from its two-week low led by the large caps including John Keells Holdings PLC Ceylon Tobacco Company PLC and Nestle Lanka PLC. While, the major share index finished 0.43%, or 25.15 points firmer, at 5,825.9, closing up from the lowest closing since Jan 16.
Commercial Bank was up 0.86 % to 105.80 rupees, while John Keells climbed to 2.04 %to 229.70 rupees before it noted 8 % gain in the December quarter earnings. The shares in Ceylon Tobacco advanced 1.74 % to 855 rupees while Nestle Lanka surged 2.91 % to 1600.
The foreign outflow reach 1.43 billion rupees ($11.30 million), its highest since Nov. 19, which the stockbrokers attributed to an exit of the Japan-based foreign fund selling shares in the top lender Commercial Bank.
"This fund has been selling the Commercial Bank shares over last week," a stockbroker said on condition without elaborating the reason for the trading.
The day's turnover worth 2.67 billion rupees, well above the daily average of 1.11 billion in this year. Meanwhile, the rupee finished a tad stronger at 126.48/55 to the dollar from Tuesday's ended of 126.65/70, on dollar inflows into the government securities and the stock market.