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Sri Lanka Commercial Bank net up 38-pct in March quarter | EconomyNext

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ECONOMYNEXT – Sri Lanka shares rallied previous the Colombo All Share Value Index’s psychological 16,000 mark on Wednesday after the change opened for normal buying and selling following a protracted vacation week, brokers stated.

The ASPI rose 1.63 %, or 259.93 factors to shut up at 16,176.10. The index surpassed the 16,000 mark for the primary time after April 2.

Diversified financials pushed the S&P SL20 to shut 1.95 % greater, or 90.71 factors up at 4,748.51.

Turnover steeply rose to three.3 billion rupees from 1.5 billion rupees within the earlier session, whereas share volumes climbed to 123,474,797 from 97,217,562.

Uncertainty surrounding the IMF board degree settlement, US Sri Lanka tariff talks and renewing the GSP+ scheme have been dampening investor curiosity in earlier classes.

Nevertheless, the US and China’s settlement on a 90-day tariff pause, and a few interim and annual stories reflecting constructive earnings has pushed the market up.

Following the discharge of its interim monetary assertion, DFCC Financial institution contributed to the autumn of the ASPI on Wednesday.

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Dialog Finance was buying and selling flat at 41.70 rupees after the corporate introduced authorized motion has been taken on a 29.9 million rupee ‘exterior monetary fraud.’

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In right this moment’s session, the All Share Value index was pushed up primarily by HNB which rose 8.00 rupees to shut at 303.25 rupees, Central Finance Firm ended 11.75 rupees greater at 209.25 rupees, Business Financial institution traded 2.75 rupees stronger at 140.00 rupees, Sampath Financial institution was 1.50 rupees up at 111.00 and Aitken Spence which recovered from the final session’s losses to finish 5.00 rupees greater at 130.25 rupees.

Sri Lanka’s coconut and coconut associated export shares fell amidst a worldwide scarcity.

Hayleys Fibre, a coconut fibre exporter was buying and selling flat at 48.20 rupees, whereas coconut shell primarily based activated carbon manifacturer, Haycarb ended 0.30 rupees decrease at 81.50 rupees.

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In Asia, Pakistan acquired the second tranche of particular drawing rights, 1,023 million US {dollars}, from the IMF boosting the change’s KSE All share index to commerce 0.05 % greater at 73,347.32 in night commerce.

Nevertheless, Pakistan’s KSE 100 index was buying and selling marginally down at 0.1 %.

India’s Nifty grew 0.36 % to shut up at 24,666.90 whereas BSE Sensex was 0.22 % greater at 81,330.56 on Wednesday.

The Indian authorities stated it has deliberate to evaluate China-backed funding in India after China’s assist to Pakistan through the latest navy battle, NDTV Revenue stated.

The London Inventory Change’s FTSE 100 index was buying and selling at 8,601.44, down 0.017 % within the session. Yahoo Finance stated the LSE tumbled after China reportedly criticised the commerce deal between the UK and United States saying it might “squeeze merchandise” from China out of the British provide chain.

“Co-operation between states shouldn’t be performed towards or to the detriment of the pursuits of third events,” China’s overseas ministry stated.

China’s SSE Composite index rose 0.86 % to three,403.95 within the session.

As at 4.50 pm Sri Lankan time on Wednesday, spot gold was buying and selling at 3,245.25 US {dollars}, down 12.22 US {dollars}.

Reuters stated gold costs have slid after “easing US-China commerce tensions soothed worry of potential world recession.” (Colombo/May14/2025)


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