Latest news with #IndustrialAsphalts(Ceylon)PLC
Business Recorder
21 hours ago
- Business
- Business Recorder
Sri Lankan shares log weekly gain
COLOMBO: Sri Lankan shares climbed on Friday, buoyed by the island nation's central bank forecasting 4.5% economic growth this year, to finish the week in positive territory. The CSE All-Share index settled up 1.45% at 20,218.36, gaining 1.98% for the week. The central bank, in its monetary policy report, projected the economy would grow 4.5% in 2025, above the World Bank's 3.5% forecast. It warned, however, of risks from external demand and recent US tariffs. SMB Finance PLC and Industrial Asphalts (Ceylon) PLC were the top percentage gainers on the CSE All-Share index, rising 33.3% and 25%, respectively. Trading volume on the index rose to 332.4 million shares from 267.3 million in the previous session.
Business Recorder
a day ago
- Business
- Business Recorder
Sri Lankan shares log weekly gain after central bank's 2025 growth outlook
Sri Lankan shares climbed on Friday, buoyed by the island nation's central bank forecasting 4.5% economic growth this year, to finish the week in positive territory. The CSE All-Share index settled up 1.45% at 20,218.36, gaining 1.98% for the week. The central bank, in its monetary policy report, projected the economy would grow 4.5% in 2025, above the World Bank's 3.5% forecast. It warned, however, of risks from external demand and recent U.S. tariffs. SMB Finance PLC and Industrial Asphalts (Ceylon) PLC were the top percentage gainers on the CSE All-Share index, rising 33.3% and 25%, respectively. Trading volume on the index rose to 332.4 million shares from 267.3 million in the previous session. Sri Lankan shares end flat as industrial stocks counter gains in communication, health The equity market's turnover rose to 9.54 billion Sri Lankan rupees ($31.70 million) from 7.07 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 208.5 million rupees, while domestic investors were net buyers, purchasing shares worth 9.35 billion rupees, the data showed.
Business Recorder
5 days ago
- Business
- Business Recorder
Consumer staples, IT lift Sri Lankan shares higher
Sri Lankan shares closed higher on Monday, as gains in consumer staples and IT overpowered losses in real estate stocks. The CSE All-Share index settled up 0.49% at 19,923.02, rising for the third straight session. SMB Finance PLC and Industrial Asphalts (Ceylon) PLC were the top percentage gainers on the CSE All-Share index, rising 33.3% and 25%, respectively. Trading volume on the index fell to 105.9 million shares from 115.1 million in the previous session. Sri Lanka shares post first weekly drop The equity market's turnover fell to 3.15 billion Sri Lankan rupees ($10.48 million) from 3.26 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 160.8 million rupees, while domestic investors were net buyers, purchasing shares worth 3.1 billion rupees, the data showed.
