COLOMBO: Sri Lankan stocks rose yesterday for a seventh straight session to a 13-week high as foreign investors bought select blue chips and local retail investors turned to riskier assets after a fall in fixed-income yields.

The main share index closed 0.3 percent, or 17.26 points firmer, at 5,747.71, its highest close since Oct. 10.

A seven-session gaining streak has pushed the market into over-bought territory with the 14-day relative strength index shooting up to 77.332 yesterday, well above the upper neutral range of 70.

Turnover was 1.23 billion rupees ($ 9.65 million). Foreign investors were net buyers of 418.43 million rupees worth of shares.

The rupee closed slightly firmer at 127.30/40 to the dollar from Thursday’s close of 127.50/55, as exporters sold dollars, dealers said.