Growth forecast of 4.5 per cent positively impacts CSE

A growth outlook of 4.5 per cent for this year, predicted in the Standard Chartered Bank’s report, ‘Outlook for Sri Lankan Economy’, had a positive impact on the share market yesterday. The growth was initially predicted to be 3.5 per cent, but the revised statistic had a positive impact on both main CSE indices, stock analysts said.

Accordingly, while the ASPI rose by 112 points, the S&P SL20 rose by 31.5 points. The turnover for the day was Rs. 757 million. Transactions amounted to 10,977 while more shares were traded. The main companies to figure in the retail market were: JKH, Browns Investments, Expolanka, Dipped Products and LOLC. There were no crossings.