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Markets

Real estate, financials stocks power Sri Lankan shares

  • CSE All-Share index settled 0.8% higher at 23,900.11 points
Published Updated
Colombo Stock Exchange logo board is seen at CSE premises in Colombo, Sri Lanka. Photo: Reuters
Colombo Stock Exchange logo board is seen at CSE premises in Colombo, Sri Lanka. Photo: Reuters
By

Sri Lankan shares closed higher on Monday, led by gains in real estate and financial stocks.

The CSE All-Share index settled 0.8% higher at 23,900.11 points.

Kerner Haus Global Solutions PLC and Ceylon Land & Equity PLC were the top percentage gainers on the index, surging about 19% each, on the day.

Trading volume on the index jumped to 243.8 million shares from 191.3 million shares in the previous session.

The equity market’s turnover fell to 5.63 billion Sri Lankan rupees ($18.21 million) from 8.51 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading shares worth 268.4 million rupees, while domestic investors were net buyers, purchasing shares worth 5.53 billion rupees, the data showed.

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