Sri Lankan Stock Market Shows Positive Signs with 2.34x Advance-Decline Ratio
The Sri Lankan stock market is showing positive signs today, with the CSE All Share index recording a 2.34x advance decline ratio. This indicates that for every 138 stocks that have advanced, only 59 have declined. The CSE All Share Caps is also on the rise, with a 1.29% increase.
Among the top gainers in the market today are Nation Lanka Finance Plc, Lanka Realty Investments Plc, and SMB Finance Plc, with gains of 33.33%, 20.00%, and 16.67% respectively. On the other hand, Industrial Asphalts Ceylon Plc, The Autodrome Plc, and Asia Capital Plc are the top losers, with declines of -25.00%, -9.84%, and -4.88%.
The market is seeing a positive trend with 1 sector advancing and 0 sectors declining. The top gaining sector is the Sri Lanka CSE All Share, with a 1.29% increase. In terms of market capitalization, PGP Glass Ceylon Plc is the top large cap gainer, while Hayleys Fabric Plc and Pan Asia Banking Corp. Plc are the top mid cap and small cap gainers respectively. On the other hand, John Keells Holdings Plc, Aitken Spence Hotel Holdings Plc, and Dialog Finance Plc are the top large cap, mid cap, and small cap losers respectively.
The Sri Lanka CSE All Share index is currently trading at 16,340.04, with a gain of 208.80 points or 1.29%. This indicates a positive sentiment in the market and investors are optimistic about the future. With the market showing signs of growth, it is a good time for investors to keep a close eye on the market and make informed decisions.