logo
Sri Lankan shares close higher on broad-based gains

Sri Lankan shares close higher on broad-based gains

Sri Lankan shares closed higher on Friday, lifted by gains across multiple sectors.
The CSE All-Share index rose about 0.3% to 18,148.34, and ended the week 1.5% higher.
Conglomerate John Keells Holdings and LOLC Finance were the biggest boosts to the CSE All-Share index.
Trading volume declined to 156.1 million shares from 198.2 million in the previous session.
Utilities, communication services stocks drag Sri Lankan shares
The equity market's turnover rose to 6.76 billion Sri Lankan rupees ($22.5 million), compared with 5.47 billion rupees in the previous session, according to exchange data.
Foreign investors were net buyers in the equity market of stocks worth 1.16 billion rupees, while domestic investors were net sellers of shares worth 5.62 billion rupees, data showed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sri Lanka shares gain for third straight week, shake off Trump's 30% tariff
Sri Lanka shares gain for third straight week, shake off Trump's 30% tariff

Business Recorder

time3 days ago

  • Business Recorder

Sri Lanka shares gain for third straight week, shake off Trump's 30% tariff

Sri Lankan shares logged their third straight week of advances on Friday, shrugging off news that U.S. President Donald Trump's 30% tariff is set to come into effect on August 1 and buoyed by hopes that trade talks between the nations would continue. The CSE All Share index settled up 2.09% at 18541.26, helped by gains across the board. Trading resumed on Friday after a local holiday on Thursday. On Thursday, Sri Lanka's finance secretary said representatives of the island country will continue discussions with Washington, hours after Trump slapped a 30% tariff on the country - lower than 44% imposed earlier. Industrial Asphalts Ceylon and Sathosa Motors were the top two percentage gainers on the CSE All-Share on Friday, rising 33.33% and 24.98% respectively. Trading volume on the CSE All-Share index climbed to 304.2 million shares from 176.6 million in the previous session. Real estate, consumer discretionary stocks lift Sri Lanka shares The equity market's turnover jumped to 10.23 billion Sri Lankan rupees ($33.92 million) from 5.98 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 1.32 billion rupees, while domestic investors were net buyers, purchasing shares worth 10.13 billion rupees, the data showed.

Real estate, consumer discretionary stocks lift Sri Lanka shares
Real estate, consumer discretionary stocks lift Sri Lanka shares

Business Recorder

time5 days ago

  • Business Recorder

Real estate, consumer discretionary stocks lift Sri Lanka shares

Sri Lankan shares closed higher on Wednesday, aided by gains in real estate and consumer discretionary stocks. The CSE All Share index settled up 0.72% at 18,161.49. United Motors Lanka and Sathosa Motors were the top two gainers on the CSE All Share, rising 24.9% and 15.8%, respectively. The island nation has the right balance of monetary policy at the moment, and domestic inflation is expected to turn positive around next month, Central Bank of Sri Lanka Governor P. Weerasinghe said on a panel at the Reuters NEXT Asia summit in Singapore. Trading volume on the CSE All Share index fell to 176.6 million shares from 239.3 million in the previous session. Sri Lanka shares close little changed The equity market's turnover fell to 5.98 billion Sri Lankan rupees ($19.90 million) from 8.88 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 155.9 million rupees, while domestic investors were net buyers, purchasing shares worth 5.91 billion rupees, the data showed.

Sri Lanka shares close little changed
Sri Lanka shares close little changed

Business Recorder

time6 days ago

  • Business Recorder

Sri Lanka shares close little changed

Sri Lankan shares ended largely flat on Tuesday as losses in five sectors, led by real estate, were countered by gains in healthcare stocks. The CSE All Share index nudged down 0.06% at 18,032.12. Paragon Ceylon and Muller & Phipps (Ceylon) were the top two percentage losers on the CSE All Share, falling 9.37% and 7.14%, respectively. Trading volume on the CSE All Share index rose to 239.3 million shares from 153.8 million in the previous session. Sri Lankan shares close higher on broad-based gains The equity market's turnover jumped to 8.88 billion Sri Lankan rupees ($29.6 million) from 2.42 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 628.7 million rupees, while domestic investors were net buyers, purchasing shares worth 8.81 billion rupees, the data showed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store