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Colombo Dockyard, construction shares push Sri Lanka stocks higher

ECONOMYNEXT – Speculative trading and investor interest surrounding construction related shares pushed the Colombo Stock Exchange (CSE) on Thursday despite some volatility, brokers said. “We saw a bit of an uptrend. It was short-lived and saw selling pressure again,” Dimantha Mathew, Chief Research and Strategy Officer at First Capital Holdings PLC told EconomyNext. “Speculative trading is happening in the market.” The broader All Share Price Index closed up 0.16 percent, or 36.85 points at 22,459.28. Meanwhile the more liquid S&P SL20 index climbed 0.18 percent, or 11.09 points higher to 6,095.15. Uncertainty resulted in lesser activity and lower turnover levels…

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