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Markets

Sri Lankan shares end higher on healthcare, IT gains

  • CSE All-Share index settled up 0.6% at 22,577.41 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 gains in healthcare and IT stocks.

The CSE All-Share index settled up 0.6% at 22,577.41 points.

Paragon Ceylon PLC and Kotmale Holdings PLC were the top percentage gainers on the CSE All-Share index, rising 25% and 24.3%, respectively.

Trading volume on the index fell to 171.3 million shares from 371.6 million in the previous session.

The equity market’s turnover fell to 4.68 billion Sri Lankan rupees ($15.1 million) from 9.56 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 220.2 million rupees, while domestic investors were net buyers, purchasing shares worth 4.56 billion rupees, the data showed.

Separately, a submarine attack on an Iranian ship off the coast of Sri Lanka has left at least 101 people missing, one dead and 78 injured, sources in Sri Lanka’s navy and defence ministry told Reuters on Wednesday.

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