CSE ends at record high on industrials boost

REUTERS: Industrial stocks powered Sri Lankan shares to a record closing high on Wednesday, a day after the main index crossed the 11,000 level for the first time.

The CSE All-Share index settled 0.15% higher at 11,024.89 points, hitting a record for the third straight day.

Conglomerate Expolanka Holdings PLC and Royal Ceramics Lanka were the top boosts to the index, climbing 6.1% and 8.4%, respectively.

The equity market’s turnover was 10.25 billion rupees ($ 51 million). Trading volume on the exchange fell to 384.6 million shares, from 538.8 million shares in the previous session.

Foreign investors were net sellers in the equity market, offloading shares worth about 939.2 million rupees, as per exchange data.

The Sri Lankan stock market is closed on Thursday for a holiday.