Key Takeaways
- Sri Lankan shares ended the day unchanged.
- Utilities stocks saw gains, while materials and healthcare companies faced losses.
- Foreign investors were net sellers, while domestic investors were net buyers.
Sri Lankan shares closed flat on Monday, with the CSE All Share index settling at 21,623.66, reflecting a mixed performance across sectors.
The index saw gains in utilities stocks, with SMB Finance PLC and Amana Takaful Life PLC topping the list of percentage gainers.
However, losses in materials and healthcare companies offset these gains, leading to a flat market close.
Trading volume on the CSE All Share index decreased to 64 million shares from 79 million in the previous session, indicating a decline in market activity.
The equity market’s turnover also fell, dropping to 2.13 billion Sri Lankan rupees ($6.5 million) from 2.68 billion rupees in the previous session.
Foreign investors were net sellers, offloading stocks worth 41.1 million rupees, while domestic investors were net buyers, purchasing shares worth 2.11 billion rupees.
This trend in investor behavior suggests a cautious approach from both domestic and foreign investors in the Sri Lankan market.
The market’s performance on Monday reflects the ongoing volatility and uncertainty in the Sri Lankan economy, with investors showing mixed sentiments.
