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ECONOMYNEXT – Sri Lanka’s shares gained by 0.96% in mid market trade on Thursday (08), the market was pushed up by retail and agriculture sectors, analysts said.

“Lanka IOC shares were reactivated due to global fuel prices being on the low and stable fuel prices in Sri Lanka,” analysts said.

All Share Price Index (ASPI) edged up by 85.51 points to 8,966.85, while the most liquid share gained by 1.37% or 38.75 points to 2,874.41.

“Food related, agriculture counters have also been getting activated, because there has been a spike investor interest in the plantation segment, this is still on lower scales,” analysts further stated.

The market generated a revenue of 1.5 billion rupees.

Top gainers at 1130 hours were Richard Pieris and Company, John Keells Holdings and Lanka IOC.

In the past sessions the market was carried on positive sentiments because of Expolanka’s plans on acquisition with an international logistics firm, however its been off day due to profit taking. (Colombo/Dec08/2022)

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