Sri Lankan shares finish nearly flat after previous session's fall
Sri Lankan shares ended little changed on Wednesday, after falling in the previous session. The CSE All Share index edged down 0.02% at 20,812.93. Sri Lanka’s central bank kept its key policy rate unchanged at 8.75% on Wednesday. Separately, the Colombo Consumer Price Index rose 8% year-on-year in September, following an 8% rise last month, the Statistics Department said. SMB Finance PLC and…
Sri Lankan shares closed essentially unchanged on Wednesday, following a decline in the prior session. The CSE All Share index ticked down 0.02% to 20,812.93 points. The nation's central bank maintained its benchmark interest rate at 8.75% on Wednesday. Meanwhile, Sri Lanka's inflation rate accelerated, with the Colombo Consumer Price Index climbing 8% year-over-year in September, up from the 8% increase in August.
Among the top performers were SMB Finance PLC, which surged 33.3%, and Softlogic Capital PLC, which jumped 9.9%. Conversely, Hotel Sigiriya PLC experienced the steepest decline at -10.2%, while Lighthouse Hotel PLC fell 7.6%. Trading activity on the CSE All Share index declined to 58.8 million shares, down from 69.6 million in the previous session.
The market's turnover reached 1.55 billion Sri Lankan rupees, up from 1.01 billion rupees the day before. Foreign investors were net sellers, offloading stocks worth 162 million rupees, whereas domestic investors were net buyers, purchasing shares worth 1.46 billion rupees, according to exchange data.
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