Sri Lanka’s former state FinMin justifies last govt’s economic reforms after deflation

ECONOMYNEXT – The Colombo Stock Exchange closed up on Monday, data on its site showed.

The broader All Share Index closed up 0.69 percent, or 81.17 points, at 11,855; while the more liquid S&P SL20 Index closed up 1.45 percent, or 49.51 points, at 3,459.

Turnover was 2.6 billion.

“The positive momentum in the market continued,” Softlogic Stockbrokers said.

Top turnover generators were Hatton National Bank (up at 204.75), United Motors (down at 52.40), John Keells Holdings (up at 179.25), Hayleys Fabric (up at 52.50), and Dipped Products (up at 37.80).

There were crossings on HNB and JKH.

“Interest in banking sector stocks is also continuing.”

Banking stocks were up; Commercial Bank (up at 101.25), Sampath Bank (up at 77.70), HNB, DFCC Bank (up at 77.00) and National Development Bank (up at 78.30).

“Foreign participation is improving but on selective stocks.”

There was a net foreign outflow of 123 million rupees.

Top foreign buying was seen in JKH, Vidullanka (up at 14.00), Tokyo Cement (up at 49.00), Browns Investments (flat at 5.90), PGP Glass (up at 29.00) and Melstacorp (up at 85.00).

Foreign selling was seen in United Motors (up at 52.40), CIC Holdings (up at 75.00), Sampath Bank, Dialog Axiata (down at 9.30), Serendib Hotels (up at 15.50), and Tokyo Cement. (Colombo/Sep30/2024)

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