Latest news with #NationLankaFinance
Business Recorder
22-05-2025
- Business
- Business Recorder
Sri Lanka shares end higher after surprise interest rate cut
Sri Lankan shares closed higher on Thursday, aided by gains in communication services and utilities stocks. The CSE All Share index settled up 0.7% at 16,473.4. Sri Lanka's central bank cut the policy rate by 25 basis points in a surprise move earlier in the day, aiming to foster stronger economic growth after a lingering financial crisis and buffer any fallout from potential U.S. tariffs. The cut is unlikely to generate a major market response; however, market players may expect a correction towards the end of the year depending on how inflation settles following the third quarter, says Raynal Wickremeratne, co-head of research at Softlogic Stockbrokers. Nation Lanka Finance and SMB Finance were the top percentage gainers on the CSE All Share index, up 100% and 50%, respectively. Trading volume on the CSE All Share index rose to 277.3million shares from 171 million in the previous session. Sri Lanka shares end little changed The equity market's turnover rose to 4.54 billion Sri Lankan rupees ($15.17 million) from 2.43 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 606.4 million rupees, while domestic investors were net sellers, offloading shares worth 4.25 billion rupees, the data showed.
Business Recorder
14-05-2025
- Business
- Business Recorder
Broad gains lift Sri Lanka shares in first session of truncated week
Sri Lankan shares closed higher on Wednesday, aided by broad-based gains, with the exception of healthcare stocks. The CSE All-Share index, on the first trading day of the week, settled up 1.35% at 16131.24. Stock markets were closed on Monday and Tuesday. Nation Lanka Finance and Raigam Wayamba Salterns were the top percentage gainers on the CSE All-Share, rising 100% and ~19%, respectively. Trading volume on the index rose to 123.5 million shares from 97.2 million in the previous session. Sri Lanka stock market closed The equity market's turnover rose to 3.36 billion Sri Lankan rupees ($11.3 million) from 1.55 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 781.3 million rupees, while domestic investors were net sellers, offloading shares worth 2.61 billion rupees, the data showed.
Business Recorder
02-05-2025
- Business
- Business Recorder
Sri Lankan shares notch fourth straight weekly gain
Sri Lankan shares logged their fourth straight week of gains on Friday, after information technology stocks drove the session to a higher finish. The CSE All Share index settled up 0.33% at 15851.74. Nation Lanka Finance and Lake House Printers and Publishers were Friday's top percentage gainers on the CSE All Share, rising 100% and about 22%, respectively. Trading volume on the CSE All Share index fell to 77.3 million shares from 124.8 million in the previous session. Sri Lanka shares end four-session rally as financials drag The equity market's turnover rose to 5.90 billion Sri Lankan rupees ($19.7 million) from 2.38 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 1.30 billion rupees, while domestic investors were net buyers, purchasing shares worth 4.69 billion rupees, the data showed.
Business Recorder
30-04-2025
- Business
- Business Recorder
Sri Lanka shares end four-session rally as financials drag
Sri Lankan shares closed lower on Wednesday, falling for the first session in five, dragged by a drop in financial stocks. The CSE All Share index settled down 0.42% at 15,799.94. It logged its third straight month of losses in April. Insurance stocks declined 1.25%, financial services stocks fell 1.16% and banks edged 0.88% lower. Nation Lanka Finance and Serendib Land were the top percentage losers on the CSE All Share, falling 50% and 5.2%, respectively. Utilities stocks lift Sri Lankan shares Meanwhile, the island nation's deputy finance minister said that Colombo has not proposed a specific tariff to the U.S. Trading volume on the CSE All Share index rose to 124.8 million shares from 109.5 million in the previous session. The equity market's turnover rose to 2.38 billion Sri Lankan rupees ($8 million) from 2.07 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 244 million rupees, while domestic investors were net buyers, purchasing shares worth 2.22 billion rupees, the data showed.
Business Recorder
28-04-2025
- Business
- Business Recorder
Utilities stocks lift Sri Lankan shares
Sri Lankan markets closed higher on Monday, driven by gains in utilities stocks. The CSE All-Share index settled 0.44% lower at 15,811.47 points. Nation Lanka Finance and Alpha Fire Services were the top percentage gainers on the CSE All-Share index, up 100% and 12.5%, respectively. Trading volume on the index fell to 89.5 million shares from 125.5 million shares in the previous session. Sri Lankan shares fall as IT, consumer staples drag The equity market's turnover advanced to 2.79 billion Sri Lankan rupees ($9.31 million) from 2.44 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 314.8 million rupees, while domestic investors were net buyers, purchasing shares worth 2.58 billion rupees, the data showed.
