Sri Lankan Stock Market Declines by 0.48%, Bearish Sentiment Prevails
The Sri Lankan stock market saw a decline today, with the CSE All Share falling by 0.48%. The advance decline ratio was at 0.26x, with 43 advances and 164 declines. This indicates a bearish sentiment in the market.
The top gainers in the market were Industrial Asphalts Ceylon Plc, Nation Lanka Finance Plc, and Samson International Plc, with gains of 33.33%, 33.33%, and 6.71% respectively. On the other hand, the top losers were Tess Agro Plc, Mahaweli Reach Hotels Plc, and Royal Palms Beach Hotel Plc, with losses of 9.09%, 8.61%, and 8.55% respectively.
Out of the 1 sector that advanced today, 0 sectors showed gains while 1 sector declined. The top losing sector was the Sri Lanka CSE All Share, with a decline of 0.48%.
In terms of market capitalization, the top large cap gainer was PGP Glass Ceylon Plc, with a gain of 2.49%. The top mid cap gainer was Hayleys Fabric Plc, with a gain of 0.96%. The top small cap gainer was Pan Asia Banking Corp. Plc, with a gain of 2.79%. On the other hand, the top large cap loser was John Keells Holdings Plc, with a loss of 0.92%. The top mid cap loser was Aitken Spence Hotel Holdings Plc, with a loss of 1.55%. The top small cap loser was Dialog Finance Plc, with a loss of 4.73%.
The Sri Lanka CSE All Share closed at 17,293.83, with a loss of 84.09 points or 0.48%. This indicates a bearish trend in the market. Investors are advised to closely monitor the market and make informed decisions while investing.