Low monetary policy stance drives bullish all-time CSE high

The CSE hit a bullish all-time high yesterday due to the low monetary policy stance and conducive macroeconomic policy conditions prevailing in the country, market analysts said.

- BY HIRAN H.SENEWIRATNE

Both indices moved upwards. The All Share Price Index moved up by 234.5 points, while S and P SL20 rose by 108.5 points. Turnover stood at Rs 7.3 billion with 12 crossings.

Those crossings were reported in HNB, which crossed 500,000 shares to the tune of Rs 160 million; its shares traded at Rs 320, Seylan Bank two million shares crossed to the tune of Rs 156 million and its shares traded at Rs 78, Digital Mobility Solutions 1 million shares crossed to the tune of Rs 77.2 million and its shares sold at Rs 77.50, Sampath Bank 600,000 shares crossed for Rs 70.9 million; its shares sold at Rs 118, Tokyo Cement 900,000 shares crossed for Rs 67 million and its shares traded at Rs 74, Cargills Bank seven million shares crossed to the tune of Rs 66.5 million; its shares traded at Rs 9.50.