Brisk trading in capital goods sector lifts bourse
By Hiran H. Senewiratne CSE trading took on a positive turn yesterday because the capital goods sector performed well but global market uncertainty persisted. Amid those developments both indices moved upwards. The All Share Price Index went up by 10.99 points while S and P SL20 rose by 11.50 points. Turnover stood at Rs 1.22 […]
Yesterday's trading on the stock exchange saw a positive shift due to strong performance in the capital goods sector, although global market uncertainty remained. Both major indices, the All Share Price Index and S and P SL20, climbed by 10.99 and 11.50 points respectively. Trading volume reached Rs 1.22 billion with three crossings. The top performers were JKH, HNB Life, and Sierra Cables, with shares traded at Rs 19.80, Rs 150, and Rs 34.50, respectively.
In the retail market, Sierra Cables, Pan Asia Bank, Haycarb, CTC, Commercial Credit and Finance, JAT Holdings, and JKH were the key contributors to the turnover, amounting to Rs 263 million, Rs 93 million, Rs 90 million, Rs 27 million, Rs 26 million, Rs 25 million, and Rs 23 million, respectively. During the day, 50.3 million shares changed hands in 2229 transactions.
The manufacturing and capital goods sector showed robust performance, particularly for JKH and Sierra Cables. However, banking sector counters underperformed. Sierra Cables announced a USD 3,229,760 capital investment plan for new machinery and infrastructure to double its export production capacity, with completion expected by the end of FY2026/27. Sierra Cables' shares closed up 6.13 percent at 34.60 rupees. The rupee appreciated further to Rs 329.25/50 against the US dollar, while bond yields remained relatively stable.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
