• Wed. Jun 12th, 2024

Sri Lankan shares end at 10-month high on industrials, financials boost

Sri Lankan shares rose for a fourth straight session to end at their highest level since early January on Friday, helped by gains in industrial and financial stocks.

The benchmark stock index ended up 1.27% at 6,080.09, its highest closing mark since Jan. 3. The index added 6.2% for the week, marking its biggest weekly gain since May.

Shares in Conglomerate Hayleys Plc and Royal Ceramics Lanka gained 16% and 25%, respectively, to be the top boosts to the index.

Industrial Asphalts (Ceylon) jumped 50% to be the top percentage gainer, while Commercial Bank of Ceylon advanced 1.3%.

CT Holdings shed 3.1%, making the company with interests in real estate and retail the top drag on the index.

Trading volume on the CSE All Share Index slipped to 215.7 million from 217.7 million in the previous session.

Foreign investors were net sellers in the equity market, offloading Rs 245.3 million ($1.33 million) worth of shares, according to exchange data

Equity market turnover was about Rs 5 billion , exchange data showed.

Source: Reuters

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