COLOMBO: Sri Lankan shares started 2022 with all-time highs on Monday as financial and industrial stocks climbed, building on the index’s whopping 80% surge last year.
The CSE All-Share index leaped 3.3% to 12,625.82. The COVID-battered 2021 was the index’s best year since 2010. Monday’s gains were biggest since Sept. 27 and extended the index’s rally into a fourth straight session. Financial solutions provider LOLC Finance and conglomerate LOLC Holdings were the biggest boosts to the index.
Data released after market hours on Friday showed Sri Lanka’s consumer price inflation rose 12.1% year-on-year in December, after a 9.9% rise in November.
The equity market’s turnover was 9.64 billion Sri Lankan rupees ($47.55 million) on Monday, according to stock exchange data.
Trading volume dipped to 773.9 million shares, from 858 million shares in the previous session.
Foreign investors were net buyers in the equity market, acquiring shares worth 119.2 million rupees, exchange data showed.
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