Stocks rise for second week on tech gains
Investing.com — Sri Lankan stocks closed higher on Friday, driven by communication services and information technology shares, completing a second consecutive week of gains following a five-week decline. The CSE All-Share index settled up 0.39% at 21,623.17, finishing the week 1.1% higher. Industrial Asphalts (Ceylon) PLC and Softlogic Capital PLC led percentage gains on the […]
Sri Lankan stocks experienced a second week of gains, closing higher on Friday due to strong performances in communication services and information technology sectors. The CSE All-Share index concluded the week 1.1% higher at 21,623.17, marking a turnaround from a five-week decline. Industrial Asphalts (Ceylon) PLC and Softlogic Capital PLC were the top performers among the index components.
Despite a decrease in trading volume to 76 million shares, domestic investors were net buyers, purchasing shares worth 2.21 billion rupees, while foreign investors were net sellers, offloading stocks worth 723.7 million rupees.
Brief written by urgent.news from The Island Sri Lanka's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
