Communication services stocks lift Sri Lankan shares higher

Sri Lanka’s CSE All-Share index ended Tuesday at 20,119.64, gaining 0.20%, as communication services shares helped support the market, Business Recorder reported. Dialog Axiata advanced 1.4%, while Overseas Realty (Ceylon) rose 1.7%; both were among the strongest contributors to the index.

Trading activity also increased: volume reached 61.9 million shares, compared with 54.5 million in the prior session. Turnover climbed to 1.52 billion Sri Lankan rupees ($4.57 million), from 921.2 million rupees. Exchange data showed overseas investors sold a net 271.2 million rupees of shares, while local investors bought a net 1.50 billion rupees.