Financial, communications stocks lift Sri Lankan shares higher
Sri Lankan shares closed higher on Tuesday, led by financial and communications stocks. The CSE All-Share index settled 2.75% higher at 22,123.39 points. Commercial Bank of Ceylon and Dialog Axiata were the top boost to the index, up 4.28% and 4.88%, respectively, on the day. Trading volume on the index rose to 249.3 million shares from 144.4 million shares in the previous session. The equity…
Sri Lankan shares experienced a 2.75% increase on Tuesday, driven by financial and communications stocks. The CSE All-Share index reached 22,123.39 points, with Commercial Bank of Ceylon and Dialog Axiata contributing the most to the gains, rising 4.28% and 4.88% respectively. Trading volume on the index surged to 249.3 million shares, up from 144.4 million in the previous session, and the equity market's turnover reached 7.91 billion Sri Lankan rupees, compared to 3.33 billion rupees the day before.
Foreign investors were net sellers, offloading stocks worth 1.26 billion rupees, while domestic investors were net buyers, purchasing shares worth 7.85 billion rupees.
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