US mid-term poll results, declining oil prices re-invigorate CSE
By Hiran H. Senewiratne CSE trading yesterday was overall bullish due to the US mid term election results and declining crude oil prices. The All Share Price Index went up by 675 points, while the S and P SL20 rose by 226.59 points. Turnover stood at Rs 5.39 billion with 13 crossings. Some of these […]
In yesterday's US mid-term election, CSE trading was generally bullish, as indicated by a surge in the All Share Price Index and a decrease in crude oil prices. The index climbed by 675 points, while the S and P SL20 rose by 226.59 points. Trading activity was substantial, with a turnover of Rs 5.39 billion across 13 crossings. Notable transactions included LMF, with 2.6 million shares traded for Rs 223 million, Cargills Bank at 29 million shares for Rs 202 million, and Royal Ceramics at 7.2 million shares for Rs 120 million.
The retail market played a significant role in the trading volume, with companies such as People's Leasing, LMF, and HNB contributing notable amounts. LMF, in particular, stood out with Rs 232 million in turnover from 12 million shares traded. The banking sector, especially Cargills Bank and DFCC, also performed well during the day. A total of 258 million shares changed hands in 36,234 transactions, underscoring the day's robust trading activity.
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.
