Sri Lankan Stock Market Sees Positive Trend with 2.15% Increase Today
The Sri Lankan stock market is seeing a positive trend today, with the Sri Lanka CSE All Share rising by 2.15%. The market summary shows that the top large cap gainer is Expolanka Holdings Plc with a 1.86% increase, followed by Hunas Holdings Plc as the top mid cap gainer with a 0.51% increase. However, People's Insurance Plc is the top small cap gainer with a slight decline of -0.62%.
On the other hand, Ceylon Cold Stores Plc is the top large cap loser with a -1.10% decrease, while Brown & Co. PLC is the top mid cap loser with a 0.67% decrease. E.B. Creasy & Co. Plc is the top small cap loser with a significant decline of -1.83%.
The advance decline ratio across the Sri Lanka CSE All Share is at 134 advances and 65 declines, indicating a positive market sentiment with a ratio of 2.06x. The top gaining sector is the Sri Lanka CSE All Share, with a 2.15% increase.
In terms of individual stocks, Nation Lanka Finance Plc is the top gainer with a 33.33% increase, followed by SMB Finance Plc with a 16.67% increase and Muller & Phipps (Ceylon) Plc with a 15.38% increase. On the other hand, Industrial Asphalts Ceylon Plc is the top loser with a -25.00% decrease, followed by Mercantile Shipping Co. Plc with a -13.25% decrease and Hapugastenne Plantations Plc with a -5.39% decrease.
The Sri Lanka CSE All Share is currently trading at 17,535.62 with a gain of 369.24 points, reflecting the positive trend in the market. Out of the 1 sector advancing today, there are 0 sectors declining, indicating a strong overall performance of the market.
Investors can take advantage of this positive trend in the Sri Lankan stock market by carefully analyzing the top gaining sectors and individual stocks to make informed investment decisions. With the market showing a 2.15% increase, it is a good time for investors to consider diversifying their portfolio and taking advantage of the rising market.