Sri Lanka stocks slip in mid-day trade | Sinhala News

Sri lanka News – Sri Lanka shares fell within the first hour of trade on Thursday (30) after opening stronger, Colombo Stock Exchange data showed.

The main All Share Price Index slipped 0.19 percent or 13.84 points to 7,352.08 at 1130 hours.

“We are seeing a significant drop in the market activity today and also all these days there was a collection happening in the banking shares as their values had dropped considerably but that too stopped today,” a top market analyst said.

“Because of those reasons we are seeing a very low turnover.”

The analyst also pointed out that they are seeing a trend in investors moving to the energy sector shares following the price formula.

“In a high inflation market energy sector shares become lucrative, this we have seen in other markets too and it will strengthen more when a price formula is imposed in the electricity sector too,” he said.

The most liquid index was down 0.31 percent or 7.29 points to 2,342.99.

Market generated a turnover of 214 million rupees.

Top losers were Royal Ceramics, Expolanka and Hayleys. (Colombo/June30/2022)

Leave a Comment

Share to...