Asian Alliance Insurance, which gained 3.54 percent on the day, said in a corporate disclosure that buyers from the Netherlands and Germany had bought a 19 percent stake each from Softlogic Holdings PLC. Each bought over 7.1 million shares at 128 rupees.
According to the Prashan Fernando, CEO of Acuity Stockbrokers in Colombo "This type of investment will boost foreign investor confidence in Sri Lanka,.
The deals helped boost the day's net foreign inflow to 2.18 billion rupees ($17.13 million), its highest since March 19, last year. The year-to-date foreign inflows stand at 2.53 billion rupees.
The main share index rose 0.29 percent or 16.66 points to 5,680.02, its highest Dec. 22.
The day's turnover was 2.54 billion rupees, more than double of the daily average of 1.05 billion rupees this year.
Lanka Stock Market up
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