Sri Lankan Stock Market Shows Mixed Trend, Bearish Sentiment Prevails
The Sri Lankan stock market is experiencing a mixed trend today, with the CSE All Share index showing a decline of 0.42%. The advance-decline ratio stands at 72 advances and 106 declines, indicating a bearish sentiment in the market.
Among the top gainers in the large cap category is Nation Lanka Finance Plc, with a significant increase of 33.33%. York Arcade Holdings Plc and Commercial Development Co. Plc also showed positive movement with gains of 7.57% and 7.49% respectively. On the other hand, Beruwala Resorts Plc, Browns Beach Hotels Plc, and Pegasus Hotels of Ceylon Plc were the top losers, with declines of -5.13%, -5.00%, and -4.41% respectively.
In terms of market capitalization, Lanka IOC Plc, Commercial Credit & Finance PLC, and The Ceylon Guardian Investment Trust PLC were the top gainers in the large, mid, and small cap categories respectively. On the other hand, Asian Hotels & Properties Plc, Brown & Co. PLC, and The Colombo Fort Land & Building Co. Plc were the top losers in their respective categories.
The overall market sentiment is reflected in the Sri Lanka CSE All Share index, which is currently trading at 15,799.94 with a loss of -67.40 points. Out of the 1 sector advancing today, 0 sectors are showing gains while 1 sector is declining. The top losing sector is the Sri Lanka CSE All Share, with a decline of -0.42%.
Investors are advised to closely monitor the market movements and make informed decisions based on the current trends. With the ongoing pandemic and its impact on the global economy, it is crucial to stay updated on the market changes and make wise investment choices.