- Sri Lanka’s share market slumped after news of a VAT hike
- Investor interest faltered due to the negative news
- Both the All-Share Price Index and S and P SL20 declined
- Top seven companies contributed to the turnover in the retail market
- High net worth and institutional investor participation was noted in JKH
- Mixed interest was observed in Lanka IOC, Expolanka Holdings, and Ceylon Grain Elevators
- The Capital Goods sector was the top contributor to market turnover
- The Food, Beverage & Tobacco sector was the second highest contributor
- Bond yields were up and bids for the sale of bonds were rejected at a recent auction
Source: island.lk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
