Sri Lanka stocks close up as positive sentiment continues

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Friday, as positive sentiment in the market continued, brokers said. “There’s a couple of reasons for this; one is that with the low interest rates limiting alternative investments there is new money coming in to the market,” Ranjan Ranatunga, Assistant Vice President – Research at First Capital said. “And then of course sentiment is getting better with the IMF announcement.” The All Share Price Index closed up 0.65 percent, or 143.98 points, at 22,318.72; while the S&P SL20 closed up 1.17 percent, or 71.95 points, at 6,234.33. Turnover was 8.45…

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