Advertisement
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Airports play a much bigger role than just enabling travel -...
Why does the same hotel brand operate multiple properties in...
Sri Lanka's stock market recorded a marginal recovery after several sessions of decline, supported mainly by gains in real estate and consumer discretionary stocks. Despite the uptick, the market ended the week lower due to earlier losses. Key conglomerates saw sharp price increases, boosting the index. However, trading activity remained subdued with a sharp fall in volumes and turnover compared to the previous session. Foreign investors continued to remain cautious, offloading shares, while domestic investors provided support by increasing their buying activity during the session.
Sri Lankan shares ended higher in the past week, supported by gains in real estate and consumer discretionary stocks, bringing an end to a four-session losing streak. The benchmark CSE All-Share index rose 0.24 per cent to close at 21,117.42. However, despite this recovery, the index recorded a weekly decline of 1.2 per cent due to sustained weakness in earlier sessions. Advertisement
Market movement was largely driven by strong performances from conglomerates such as Kerner Haus Global Solutions Plc and Hunter & Company Plc, which recorded sharp gains of 23 per cent and 20.2 per cent respectively. These stocks contributed significantly to lifting the overall index during the session.
Trading activity remained notably weak compared to the previous session. Total traded volume declined sharply to 6.4 million shares from 165.2 million shares earlier, indicating reduced market participation. Similarly, turnover in the equity market dropped to around INR 1.77 billion (USD 5.6 million), compared to INR 3.57 billion in the prior session, reflecting cautious investor sentiment.
Investor activity showed a divergence between foreign and domestic participants. Foreign investors continued to remain net sellers, offloading shares worth approximately INR 113 million. In contrast, domestic investors supported the market by purchasing equities worth around INR 1.72 billion, helping to stabilise prices during the session.
The Sri Lankan equity market has been facing pressure in recent sessions due to subdued investor confidence and lower liquidity, which has impacted overall trading momentum. The recent recovery, although modest, indicates selective buying in specific sectors such as real estate, which has shown resilience amid broader market weakness.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
