CSE records highest number of trades in 9 years

The indices closed in red as a result of price losses in counters such as Carson Cumberbatch, John Keells Holdings and Ceylon Cold Stores with the turnover crossing Rs. 5.0 bn, the highest recorded since January 2020.

Furthermore, CSE recorded 41,688 trades during the day, the highest recorded in 9 years. Mixed interest was observed mainly in Expolanka Holdings, R I L Property and Piramal Glass.

Foreign participation in the market remained at subdued levels with foreigners closing as net buyers. S i m i l a r l y, institutional investor participation remained subdued for the day.

Materials sector was the top contributor to the market turnover (due to Piramal Glass and Tokyo Cement Company nonvoting), whilst the sector index gained 6.59%. The share price of Piramal Glass moved up by Rs. 2.00 (40.00%) to close at Rs. 7.00.

The share price of Tokyo Cement Company non voting recorded a gain of Rs. 3.70 (7.33%) to close at Rs. 54.20. Transportation sector was the second highest contributor to the market turnover (due to Expolanka

Holdings), whilst the sector index increased by 4.17%.

The share price of Expolanka Holdings increased by Rs. 0.70 (4.19%) to close at Rs. 17.40. R I L Property and Sierra Cables were also included amongst the top turnover contributors.

Furthemore, the share price of R I L Property gained Rs. 0.50 (5.38%) to close at Rs. 9.80, whilst the share price of Sierra Cables appreciated by Rs. 0.50 (10.20%) to close at Rs. 5.40.