COLOMBO, Apr 16 (Reuters): Sri Lankan shares rose slightly on Monday and posted their highest close in nearly six weeks in light trade, as many market participants were on extended holidays after the Sinhala-Tamil New Year festival over the weekend, brokers said.
Turnover was 101.9 million rupees ($653,833.81), the lowest since March 17, 2014, and less than a 10th of this year's daily average of 1.16 billion rupees.
"Many people are on vacation and we expect the same to continue until the end of this week," said Prashan Fernando, CEO, Acuity Stockbrokers.
The Colombo stock index rose for a fourth straight session and ended 0.19 per cent higher at 6,496.44, its highest close since February 1. The index gained 0.44 per cent last week.
Brokers said the market was awaiting some political stability after President Maithripala Sirisena suspended the parliament until May 8.
Sri Lankan shares hit near 6-week closing high
FE Team | Published: April 17, 2018 00:23:19
Sri Lankan shares hit near 6-week closing high
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