The stock market bounced back in Sri lanka expecting that the IMF second review meeting, scheduled for June 12, will approve the third tranche of the IMF’s EFF for Sri Lanka. Investors look forward to the continued support of all countries for a successful review to unlock the third tranche, which is expected to further enhance economic stability, growth, and reform efforts, market analysts said. Amid those developments stock market activities were more positive and bullish and both indices moved upwards. The All Share Price Index went up by 61.95 points, while S and P SL20 rose by 16.96 points. The Food, Beverage and Tobacco sector was the top contributor to the market turnover (due to Browns Investments), while the sector index lost 0.72. The share price of Browns Investments decreased. The Capital Goods sector was the second highest contributor to the market turnover (due to Hayleys) while the sector index decreased by 0.96 percent. The share price of Hayleys moved up. (ICE NEW DELHI)

Fonte notizia: The Island