Sri Lanka’s Stock Market Rises in Response to Trump’s Ceasefire Declaration

FINANCIAL CHRONICLE – The Colombo Stock Exchange (CSE) in Sri Lanka commenced trading on Wednesday with a positive trajectory, as reported by CSE data, following an announcement from US President Donald Trump regarding the continuation of a ceasefire with Iran during ongoing negotiations.

The benchmark All Share Price Index (ASPI) saw an increase of 0.27 percent, translating to a rise of 60.86 points, bringing it to a total of 22,686.34. Meanwhile, the S&P SL20 index, which reflects more liquid stocks, rose by 0.22 percent, or 13.93 points, reaching 6,236.39.

Market turnover amounted to 2.15 billion rupees, with the insurance sector leading the way, contributing 1.51 billion rupees to this total. Key contributors to the ASPI included Dialog Axiata, which rose by 40 cents to reach 34.40 rupees; Commercial Bank, which gained 1.25 rupees to reach 210.50; and Nawaloka Hospitals, which increased by 1.20 rupees to a total of 14.70.

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