Latest news with #SMBFinance
Business Recorder
5 days ago
- Business
- Business Recorder
IT, consumer staples lift Sri Lanka shares
Sri Lankan shares closed higher on Wednesday, aided by gains in information technology and consumer staples stocks. The CSE All Share index settled up 0.81% at 17,353.05, rising for the seventh straight session. Lion Brewery (Ceylon) and SMB Finance were the top two percentage gainers on the CSE All Share, rising 22.13% and 16.67%, respectively. Sri Lankan shares notch eighth straight weekly gain Trading volume on the CSE All Share index rose to 279 million shares from 271.9 million in the previous session. The equity market's turnover inched up to 7.37 billion Sri Lankan rupees ($24.6 million), according to exchange data. Foreign investors were net sellers, offloading stocks worth 395.4 million rupees, while domestic investors were net buyers, purchasing shares worth 7.05 billion rupees, the data showed.
Business Recorder
27-05-2025
- Business
- Business Recorder
Materials, financials lift Sri Lankan shares higher
Sri Lankan shares closed higher on Tuesday, boosted by gains in materials and financials stocks. The CSE All Share index settled up 0.98% at 16,657.63 SMB Finance and Lanka Ashok Leyland were the top percentage gainers, rising 50% and 12.43%, respectively. Trading volume rose to 249.9 million shares, from 171.8 million in the previous session. Sri Lanka shares close flat as energy losses offset other gains The equity market's turnover rose to 18.71 billion Sri Lankan rupees ($62.4 million) from 3.76 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 434 million rupees, while domestic investors were net sellers, offloading shares worth 18.48 billion rupees, the data showed.
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
19-05-2025
- Business
- Business Recorder
Communication services lift Sri Lanka shares
Sri Lankan shares closed higher on Monday, aided by gains in communication services stocks. The CSE All Share index settled up 0.11% at 16,397.68, rising for the sixth straight session. Shares in wireless telecom services gained 1.32% while diversified telecom services stocks advanced 2.15%. Lake House Printers and Publishers and SMB Finance were the top two percentage gainers on the CSE All Share, rising 18.15% and 16.67%, respectively. Sri Lankan shares gain for the sixth straight week Trading volume on the CSE All Share index fell to 91.4 million shares from 153.9 million shares in the previous session. The equity market's turnover dropped to 2.61 billion Sri Lankan rupees ($8.70 million) from 3.11 billion rupees in the previous session, according to exchange data. Foreign investors were net buyers, purchasing stocks worth 178.5 million rupees, while domestic investors were net sellers, offloading shares worth 2.51 billion rupees, the data showed.
