Sri Lanka stocks end steady

Sri Lanka stocks edged up 0.03 percent on Monday, led by market heavyweights, Expolanka Holdings, Browns Investments and Ambeon Capital and net foreign buying, brokers said

Gains were, however, offset by the losses in diversified and financial stocks amid a spike in the country’s Covid-19 deaths and patients.

Sri Lanka stocks have been on the rise partly due to record low interest rates, excess liquidity in money markets and some businesses being disrupted due import controls triggered by money printing. The trend of net foreign selling has been continuing since early last year.

Colombo All Share price index gained 2.27 points to close at 8,101.39. However, S&P SL20, an index that includes only limited liquid stocks, fell 0.41 percent or 12.39 points to close at 3,043.63.