Thursday March 9, 2023 6:23 pm
ECONOMYNEXT – Sri Lanka’s shares edged up at close to a three-month high on Thursday as the market continued to run on positive macroeconomics over the International Monetary Fund’s extended loan facility, dealers said.
“The market was volatile during the first half of the day, and shares were down due to profit-taking,” an analyst said.
“The financial indexes are taking a breather because of profit-taking, which was seen as the financial sector was running on the International Monetary Fund assurances.”
The main All Share Price Index (ASPI) closed up 0.58 percent, or 55.62 points higher, at 9,703.48.
“The turnover generated is interesting because it was split across the board, meaning more than one sector is pushing the market.”
- https://economynext.com/sri-lankan-...h-amid-positive-macroeconomic-outlook-114888/
ECONOMYNEXT – Sri Lanka’s shares edged up at close to a three-month high on Thursday as the market continued to run on positive macroeconomics over the International Monetary Fund’s extended loan facility, dealers said.
“The market was volatile during the first half of the day, and shares were down due to profit-taking,” an analyst said.
“The financial indexes are taking a breather because of profit-taking, which was seen as the financial sector was running on the International Monetary Fund assurances.”
The main All Share Price Index (ASPI) closed up 0.58 percent, or 55.62 points higher, at 9,703.48.
“The turnover generated is interesting because it was split across the board, meaning more than one sector is pushing the market.”
- https://economynext.com/sri-lankan-...h-amid-positive-macroeconomic-outlook-114888/
