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Markets

Sri Lankan shares rise for eighth straight session

  • CSE All-Share index settled 0.86% higher at 21,521.06
Published Updated
Colombo Stock Exchange logo board is seen at CSE premises in Colombo, Sri Lanka. Photo: Reuters
Colombo Stock Exchange logo board is seen at CSE premises in Colombo, Sri Lanka. Photo: Reuters
By

Sri Lankan shares closed higher for eight straight sessions on Thursday, led by consumer staples and financial stocks.

The CSE All-Share index settled 0.86% higher at 21,521.06.

The index closed at a record high for fifth straight session.

SMB Finance and Industrial Asphalts (Ceylon) were the top percentage gainers on the index, gaining 33.3% and 25%, respectively.

Trading volume on the index rose to 261.3 million shares from 185.8 million shares in the previous session.

The equity market’s turnover rose to 9.30 billion Sri Lankan rupees ($30.8 million) from 5.57 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 392.9 million rupees, while domestic investors were net buyers, purchasing shares worth 9.04 billion rupees, the data showed.

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