Sri Lankan stocks gain ground as capital goods drive trading activity

Sri Lanka's equity market ended the week on a positive note, with the All Share Price Index recording gains as investors showed renewed interest in blue-chip stocks across multiple sectors.

Capital goods companies were the primary drivers of Friday's trading activity, demonstrating investor confidence in the industrial and manufacturing segments. Citizens Development Business Finance, a prominent player in the financial services space, was among the notable gainers, alongside cable manufacturer Sierra Cables and diversified conglomerate Hemas Holdings.

Dialog Axia, the telecommunications infrastructure firm, also contributed significantly to the market's upward momentum. The company's performance reflected broader market sentiment supporting communication and utility stocks.

The positive momentum across these major equities suggests sustained interest from market participants seeking exposure to economic recovery plays in the capital goods and industrial sectors. Trading activity remained concentrated among established market leaders, indicating selective buying patterns among investors.