Industrial stocks lead Sri Lankan shares higher; December inflation rises
- CSE All-Share index rose nearly 0.8% to 23,806.32
Sri Lankan shares closed higher on Wednesday, lifted by gains in industrial stocks.
The CSE All-Share index rose nearly 0.8% to 23,806.32. On Tuesday, the index closed marginally lower.
Sri Lanka’s consumer prices were up 2.9% year-on-year in December, after rising 2.4% in November, data published by the country’s statistics department after market close showed.
Colombo Dockyard Plc and Asphalts (Ceylon) Plc were the biggest boost to the CSE All-Share index, rising 27.5% and 25%, respectively.
Trading volume rose to 180.3 million shares from 135.5 million in the previous session.
The equity market’s turnover rose to 9.82 billion Sri Lankan rupees ($31.7 million), compared with 5.17 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers of shares worth 186.5 million rupees, while domestic investors were net buyers of shares worth 9.68 billion rupees, data showed.
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