The Sri Lankan stock market experienced an upward trend on Wednesday, as indicated by the latest data, with Colombo Dockyard playing a significant role in boosting turnover levels.
The All Share Price Index (ASPI) increased by 0.76 percent, equivalent to 180.16 points, closing at 23,803. Meanwhile, the S&P SL20 index saw a rise of 1.08 percent, or 70.55 points, ending the day at 6,615.
The market turnover reached 9.81 billion rupees, with Colombo Dockyard contributing 2.65 billion rupees to this figure.
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Among the top contributors to the ASPI were Hayleys, which rose by 30.50 rupees to 248.50, Colombo Dockyard, which increased by 29.50 rupees to 143.25, and Sampath Bank, which was up 1.75 rupees to 157. Vallibel One climbed by 5.25 rupees to 113.50, while Sri Lanka Telecom increased by 8.80 rupees to 102.50.
In related news, India’s Mazagon Dock Shipbuilders announced the acquisition of a 41.73 percent stake in Colombo Dockyard. This acquisition was made through the purchase of unsubscribed rights from Onomichi Dockyard Company Limited.
