The Colombo Stock Exchange in Sri Lanka experienced an upswing on Friday, driven by speculative trading in Colombo Dockyard following its rights issue, as well as renewed interest in real estate-related stocks, according to brokers. Market turnover reached 10.5 billion rupees, with a substantial number of crossings contributing to this figure, stated Dimantha Mathew, Chief Research and Strategy Officer at First Capital Holdings PLC.
“Interest in banking stocks continues, and we are also observing a new interest in real estate stocks,” Mathew commented.
Among the noteworthy real estate stocks were Prime Lands at 42.70 rupees, York Arcade at 13.30 rupees, RIL Property at 36.40 rupees, and Colombo Land at 52.60 rupees.
The All Share Price Index increased by 0.60 percent, or 142.74 points, closing at 23,956. Meanwhile, the S&P SL20 rose by 0.48 percent, or 31.65 points, reaching 6,649.
The top contributors to the All Share Price Index included LOLC at 599.50 rupees, Dockyard at 149.75 rupees, and Commercial Bank at 228.50 rupees.
(Colombo/Jan23/2026)
