Sri Lankan Stock Market Experiences Significant Decline, Majority of Companies Facing Losses
The Sri Lankan stock market is facing a downward trend today, with the CSE All Share index trading at 16,867.44, experiencing a loss of -176.12 points or -1.03%. Out of the 1 sectors in the market, none are showing any signs of advancement, while 1 sector is declining. The top losing sector is the Sri Lanka CSE All Share, with a decrease of -1.03%.
In terms of individual companies, PGP Glass Ceylon Plc is the top large cap gainer, with a growth of -1.49%, followed by Hayleys Fabric Plc with a gain of -2.18%. Pan Asia Banking Corp. Plc is the top small cap gainer, with a slight increase of -0.24%. On the other hand, John Keells Holdings Plc is the top large cap loser, experiencing a decrease of -1.39%. Aitken Spence Hotel Holdings Plc and Dialog Finance Plc are the top mid cap and small cap losers, with losses of -0.66% and -0.68% respectively.
The advance-decline ratio for the Sri Lanka CSE All Share index is currently at 26 advances and 179 declines, with a ratio of 0.15x. This indicates a significant decline in the market, with more companies experiencing losses than gains. The Sri Lanka CSE All Share Caps is also falling by -1.03%, further highlighting the downward trend in the market.
Some of the top gainers in the Sri Lanka CSE All Share index include Nation Lanka Finance Plc with a growth of 33.33%, Tess Agro Plc with a gain of 10.00%, and Lankem Ceylon Plc with a growth of 5.11%. On the other hand, Industrial Asphalts Ceylon Plc is the top loser with a decrease of -25.00%, followed by Greentech Energy Plc with a loss of -7.69% and PMF Finance Plc with a decrease of -6.78%.
Overall, the Sri Lankan stock market is facing a challenging day, with a majority of companies experiencing losses. Investors are advised to carefully monitor the market and make informed decisions to navigate through this downward trend.