Sri Lanka stocks closed up 1.8 percent Wednesday after the Central Bank cut rates by 25 basis points, driven mostly by domestic buying.
The benchmark Colombo All Share Price Index close up 98 points at 5,516.6 and the S&P SL20 Index rose 31.3 points to close at 2,994.5 points up 1.06 percent.
Turnover was 479 million rupees. Domestic sales were 330 million rupees and purchases 361 rupees. Foreign investors sold 148 million rupees of stock and bought 117 million rupees of shares.
Now, let’s take a look at a review of yesterday’s stock market update.