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Sri Lanka’s stock market ended higher at the close of the latest trading session, supported by gains in real estate, utilities and industrial stocks. The CSE All-Share Index rose 0.43% to settle at 21,929.64, although the benchmark still recorded a weekly decline of 4.3% amid broader market pressure. SMB Finance PLC and Renuka City Hotels PLC emerged as the top gainers during the session. Market turnover and trading volumes also saw a marginal increase compared to the previous session. While foreign investors continued to remain net sellers, domestic investors maintained buying activity, helping support overall market sentiment.
Sri Lanka’s equity market ended in positive territory at the close of the latest trading session, led by buying interest in real estate, utility and industrial sector stocks. The Colombo Stock Exchange (CSE) All-Share Index gained 0.43% to settle at 21,929.64. Advertisement
Despite the day’s recovery, the benchmark index registered a weekly loss of 4.3%, reflecting continued volatility in the market and cautious investor sentiment over the past few trading sessions.
Among individual stocks, SMB Finance PLC emerged as the top percentage gainer on the index after its shares surged 50%. Renuka City Hotels PLC also recorded strong movement, rising 10.5% during the session.
Trading activity remained active, with total share volume on the CSE All-Share Index increasing to 78.4 million shares from 76.6 million shares recorded in the previous trading session, according to exchange data.
Market turnover also witnessed a slight increase. Total equity turnover rose to 2.18 billion Sri Lankan rupees, equivalent to around USD 6.65 million, compared to 2.16 billion Sri Lankan rupees in the previous session.
Investor participation data showed mixed sentiment between foreign and domestic investors. Foreign investors remained net sellers, offloading stocks worth 67.3 million Sri Lankan rupees. At the same time, domestic investors continued to support the market, recording net purchases worth 2.12 billion Sri Lankan rupees.
The Sri Lankan market has been witnessing fluctuating investor activity in recent weeks as traders closely monitor economic recovery measures, inflation trends and currency stability. Real estate and utility stocks have continued to attract selective buying interest due to expectations of gradual economic improvement and infrastructure-linked demand.
Source Reuters
5th Jun, 2025
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