Sri Lankan Equities End Higher Led by Healthcare and Real Estate Stocks

May 9: Sri Lankan equities ended the trading session higher on Monday, supported by strength in healthcare and real estate stocks. The CSE All Share index advanced 0.65 per cent to close at 22,695.
Top Performers
SMB Finance PLC and HDFC Bank of Sri Lanka emerged as the top percentage gainers on the index, rising 50 per cent and 19.88 per cent respectively, indicating strong investor interest in specific financial names. The broader market showed steady gains despite lower trading activity.
Market Activity
Trading volume declined to 90.2 million shares from 155.8 million shares in the previous session, suggesting reduced activity. However, overall market turnover increased to 4.81 billion Sri Lankan rupees (USD 15.1 million), up from 3.44 billion rupees earlier, pointing to higher value-based transactions in selected stocks.
Investor Participation Trends
Foreign investors remained net sellers, offloading equities worth 2.46 billion rupees, while domestic investors stayed on the buying side with net purchases of 4.8 billion rupees. The data indicated a clear divergence in sentiment between local and foreign participants during the session.