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Markets

Sri Lankan shares rise as industrials, financials stocks gain

  • The Sri Lankan rupee was quoted at 185.4 against the US dollar as of 1210 GMT, about 0.2pc weaker compared with last session's close of 185.05, according to Refinitiv data.
Published June 8, 2020

Sri Lankan shares rose on Monday, snapping a five-day losing streak, helped by gains in industrials, financials and consumer stocks.

The benchmark CSE All Share Index closed up 1.27pc at 4841.85.

Trading volume was recorded at 65.8 million on Monday.

The Sri Lankan rupee was quoted at 185.4 against the US dollar as of 1210 GMT, about 0.2pc weaker compared with last session's close of 185.05, according to Refinitiv data.

Shares of conglomerate John Keells Holdings Plc rose 4.5pc and were the biggest boost to the index.

Foreign investors were net sellers on Monday, offloading about 1.40 billion Sri Lankan rupees ($7.57 million) worth of shares, according to exchange data.

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