{"id":345,"date":"2026-11-10T10:30:54","date_gmt":"2026-11-10T10:30:54","guid":{"rendered":"https:\/\/sripuwath.com\/index.php\/2026\/11\/10\/sri-lanka-shares-jump-2-75-pct-on-lower-oil-prices-us-election-tariff-hopes\/"},"modified":"2026-11-10T10:30:54","modified_gmt":"2026-11-10T10:30:54","slug":"sri-lanka-shares-jump-2-75-pct-on-lower-oil-prices-us-election-tariff-hopes","status":"publish","type":"post","link":"https:\/\/sripuwath.com\/index.php\/2026\/11\/10\/sri-lanka-shares-jump-2-75-pct-on-lower-oil-prices-us-election-tariff-hopes\/","title":{"rendered":"Sri Lanka shares jump 2.75-pct on lower oil prices, US election tariff hopes"},"content":{"rendered":"<p>ECONOMYNEXT \u2013 Sri Lanka\u2019s Colombo Stock Exchange closed sharply higher on Tuesday, CSE data showed, with the benchmark All Share Price Index moving up 2.75 percent.<\/p>\n<p>The ASPI was up 592.02 points at 22,123.39, while the more liquid S&amp;P SL20 was up 3.66 percent, or 224.97 points, at 6,368.12.<\/p>\n<p>Easing global pressures and lower oil prices helped lift market sentiment, Raynal Wickremeratne, Head of Research and Strategy at NDB Securities, said.<\/p>\n<p>\u201cOne of the things in the past that were dragging the market down was oil prices and also the negative sentiment globally. I think now some of that sentiment has recovered, you\u2019re seeing oil also coming down, and effectively when you look at Sri Lanka, oil is one of the biggest factors here more than anything else,\u201d Wickremeratne said.<\/p>\n<p>He added that investors were also hopeful that shifts in power in the US House and Senate could lead to potential adjustments in US trade tariffs, providing relief to emerging markets with heavy US tariff burdens. <\/p>\n<p>Positive contributors to the ASPI were Vallibel One (up 6.14 percent at 95.10 rupees), Dialog Axiata (up 4.88 percent at 49.40 rupees), Commercial Bank of Ceylon (up 4.28 percent at 225.25 rupees), Hayleys (up 4.02 percent at 239.25 rupees), and Hatton National Bank (up 3.81 percent at 415.00 rupees).<\/p>\n<p>Softlogic Life Insurance (down 4.98 percent at 78.30 rupees), Softlogic Capital (down 4.17 percent at 11.50 rupees), Ambeon Holdings (down 3.28 percent at 35.40 rupees), LOLC Finance (down 1.96 percent at 5.00 rupees), and Ceylon Cold Stores (down 1.38 percent at 125.00 rupees) were top negative contributors.<\/p>\n<p>Market turnover was 7.96 billion rupees. The banking sector led turnover with 2.03 billion rupees.<\/p>\n<p>Several crossings were recorded during the session, led by Dialog Axiata (800 million rupees), Commercial Bank of Ceylon (309 million rupees), John Keells Holdings (93.7 million rupees), Swisstek (56.1 million rupees), Commercial Credit and Finance (52 million rupees), CAL Closed End Fund (50 million rupees), and Seylan Bank (50 million rupees and 39.2 million rupees).<\/p>\n<p>Other notable crossings included DFCC Bank (41.2 million rupees), D Products (40.8 million rupees), Nations Trust Bank (28.2 million rupees), Ceylon Cold Stores (25 million rupees), CIC Holdings (21.5 million rupees), Hemas Holdings (21.4 million rupees), Sunshine Holdings (21.3 million rupees), Chevron Lubricants Lanka (21 million rupees), and Access Engineering (21 million rupees).<\/p>\n<p>Dialog Axiata generated a combined 1.4 billion rupees of total turnover, driven by 800 million rupees in crossings and over 600 million rupees on the open market. (Colombo\/Nov10\/2026)<\/p>","protected":false},"excerpt":{"rendered":"<p>ECONOMYNEXT \u2013 Sri Lanka\u2019s Colombo Stock Exchange closed sharply higher on Tuesday, CSE data showed, with the benchmark All Share Price Index moving up 2.75 percent. The ASPI was up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"_links":{"self":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts\/345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":0,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts\/345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/media\/7"}],"wp:attachment":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/media?parent=345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/categories?post=345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/tags?post=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}