CSE Breaks the Waves—Sri Lanka Index Up 3.2% in Market Comeback

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Sri Lanka's Colombo Stock Exchange (CSE) All-Share Index rose strongly today, climbing 3.2% to close at 12,003.29 on the strength of sound gains in financials, industrials, and diversified holdings, as market momentum builds.

1. Market Highlights

The index rose 139.89 points, the best single-day performance in months.
Volume jumped to over 133 million shares, a far bigger number than the 3-month average of 83 million.
Key gainers were Carson Cumberbatch, Central Finance, and Access Engineering, which all posted noteworthy gains.

2. Broader Context

The CSE All-Share Index has appreciated 8.03% over the previous month and is in excess of 41% higher year-to-date, setting a strong recovery trend.
Experts attribute the rally to hardening inflation, IMF-supported fiscal consolidation, and increasing foreign investor interest.

3. Investor Sentiment

Market sentiment is buoyant with hopes for continued momentum as Sri Lanka proceeds on the path of its debt restructuring and economic stabilization plan.
The index is now close to its 52-week high of 12,542.10, with technicals pointing to more room on the up side.

Sources: Trading Economics, Investing.com, Goodreturns