Tuesday May 13, 2025
Saturday, 16 May 2020 00:10 - - {{hitsCtrl.values.hits}}
Reuters: Stocks rose for the third straight session on Friday, boosted by gains in consumer staples and financial stocks.
The benchmark stock index closed up 1.04% at 4439.04. However, the index ended 2.9% lower for the week due to initial losses as trading resumed on Monday after a weeks-long shutdown to curb the spread of COVID-19 infections.
The island nation, which is heavily dependent on tourism, has reported 925 confirmed COVID-19 cases and nine deaths as of Thursday, according to Health Ministry data.
Shares of soft drink and ice cream maker Ceylon Cold Stores PLC rose 17.4%, the biggest boost to the index, while conglomerate John Keells Holdings PLC’s stock fell 3.5% and was the biggest drag on the index.
Shares of Commercial Bank of Ceylon PLC rose 9.6%.
Trading volume, when compared to the last full trading day, was 69.4% lower at 26.06 million shares.
Foreign investors were net sellers in the equity market, offloading Rs. 916.20 million ($4.88 million) worth of shares, according to exchange data.
The Sri Lankan rupee was last quoted at 187.8 against the U.S. dollar as of 11:54 GMT, 0.16% lower for the day compared to last session’s close of 187.5, according to Refinitiv data.
Equity market turnover was Rs. 1.28 billion, data showed.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.