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Markets

Financial stocks lift Sri Lankan shares higher

  • CSE All-Share index settled 2.09% higher at 20,541.12 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 Wednesday, led by financial stocks.

The CSE All-Share index settled 2.09% higher at 20,541.12 points

Commercial Bank of Ceylon PLC, Dialog Axiata PLC and Hatton National Bank PLC were among the biggest boosts to the index, up 1.8%, 2.5% and 1.9%, respectively.

Trading volume on the index rose to 119.5 million shares from 61.9 million shares in the previous session.

The equity market’s turnover rose to 3.87 billion Sri Lankan rupees ($11.64 million) from 1.52 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 158.8 million rupees, while domestic investors were net buyers, purchasing shares worth 3.84 billion rupees, the data showed.

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