Sri Lankan shares end slightly up as real estate stocks rise
- CSE All-Share index settled 0.13% higher at 23,992.11 points
Sri Lankan shares closed marginally higher on Wednesday, as gains in real estate and health care sectors offset losses in IT stocks.
The CSE All-Share index settled 0.13% higher at 23,992.11 points.
Sri Lanka’s central bank kept its overnight policy rate unchanged, as it awaited the latest review of a $2.9-billion International Monetary Fund programme.
Real estate stocks up 1.43%; IT stocks down 4.28% on the day
Industrial Asphalts (Ceylon) and Greentech Energy were the top percentage gainers on the index, up 25% each.
Trading volume on the index rose to 347.1 million shares from 272.5 million shares in the previous session.
The equity market’s turnover rose to 6.94 billion Sri Lankan rupees ($22.42 million) from 5.21 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 519.12 million rupees, while domestic investors were net buyers, purchasing shares worth 6.90 billion rupees, the data showed.