Sri Lanka stocks trend up after Trump announcement, reflecting renewed investor confidence following US President Donald Trump’s pause on Iran infrastructure attacks. The Colombo Stock Exchange showed notable gains across major indices on Tuesday.
Sri Lanka stocks trend up after Trump announcement lifts investor sentiment
The Colombo Stock Exchange (CSE) recorded a strong rally on Tuesday, driven by international geopolitical developments. The All Share Price Index surged 3.31 percent, adding 674.80 points to close at 21,039.77, while the S&P SL20 index rose 3.57 percent, finishing at 5,889.75. Analysts attributed the bullish momentum to US President Donald Trump’s announcement halting attacks on Iran infrastructure, which eased global market uncertainties.
Top performers included Commercial Bank of Ceylon, which advanced 5.49 percent to Rs.201.75, followed by Sampath Bank at Rs.155.75, up 2.98 percent. Melstacorp climbed 2.14 percent to Rs.167.00, while DFCC Bank gained 4.45 percent, closing at Rs.135.00. The market recorded a turnover of 1.53 billion rupees, signaling strong investor participation.
DFCC Bank also announced the listing of 12,310,834 ordinary voting shares following a scrip dividend at a ratio of 1 to 35.6112550944. This corporate action added momentum to the bank’s stock, which rose 5.75 points to Rs.135. The development highlights how strategic corporate measures, combined with favorable global news, can influence market sentiment positively.
Investors are closely monitoring foreign and domestic factors impacting the Colombo Stock Exchange, including global political developments, corporate earnings, and macroeconomic indicators. With renewed optimism, market analysts expect selective sectors to continue performing strongly in the near term.