Key Takeaways
- Sri Lankan shares closed higher on Thursday.
- IT and real estate stocks led the gains.
- Foreign investors were net sellers, while domestic investors bought.
Sri Lankan shares saw a rise on Thursday, with the CSE All-Share index .CSE closing 0.88% higher at 19,971.15 points.
The market was driven by strong performances in the IT and real estate sectors, with SMB Finance PLC and York Arcade Holdings PLC topping the list of gainers.
SMB Finance PLC saw a 50% increase in value, while York Arcade Holdings PLC gained 17.54%.
Trading volume decreased, settling at 51.6 million shares compared to 101.8 million shares in the previous session.
The market’s turnover also declined, reducing to 1.50 billion Sri Lankan rupees ($4.53 million) from 1.90 billion rupees in the previous session.
Foreign investors were net sellers, offloading stocks worth 121 million rupees, while domestic investors were net buyers, purchasing shares worth 1.45 billion rupees.
These figures reflect a mixed sentiment among investors, with domestic investors showing more confidence in the market compared to their foreign counterparts.
