IT gains boost Sri Lankan shares

Business Recorder reported that Sri Lankan equities ended the Tuesday session in positive territory, with information technology counters providing the main lift. The benchmark CSE All Share index rose 0.29 per cent to finish at 20,650.23.

Serendib Hotels PLC and Ambeon Holdings PLC led the gainers, climbing 9.2 per cent and 7.7 per cent respectively. Turnover dropped to 1.07 billion Sri Lankan rupees ($3.23 million) against 3.16 billion rupees a session earlier. Trading volume also eased to 43.1 million shares from 67.6 million.

On a net basis, foreign investors sold equities valued at 115.4 million Sri Lankan rupees, while domestic investors bought 979.5 million Sri Lankan rupees' worth of shares, according to the exchange data. The two groups therefore moved in opposite directions on the session.