CSE Inches Up After Rate Cut Amid Cautious Trading

The Colombo Stock Exchange closed slightly higher after the Central Bank of Sri Lanka cut rates by 25 basis points, citing lower-than-expected inflation and weakening external demand. The All Share Price Index gained 31.49 points to 16,504.86, while the S&P SL20 edged up 0.44 points to 4,842.95.

Investor interest was seen in both retail and high-net-worth segments, with strong performances from Hemas Holdings, CT Holdings, and Bukit Darah. Despite turnover falling to 3.7 billion rupees from 4.5 billion, it stayed above the monthly average of 2.5 billion.

Export-oriented stocks saw mixed movement amid uncertainty over the GSP+ trade deal and U.S. tariff policy. Regionally, Japan’s Nikkei rose 0.47 percent, while India’s Sensex and Nifty gained over 1 percent despite geopolitical concerns. Gold also rose to $3,339.87 an ounce, reflecting continued demand for safe-haven assets.

 

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