Sri Lankan shares end higher as financial, consumer stocks gain
- Insurance underwriting firm Ceylinco Insurance Plc and beer brewer Lion Brewery (Celion) Plc were the biggest boosts to the index.
- Investment company Browns Investments Plc and information and technology solutions provider Sri Lanka Telecom Plc were t
Sri Lankan shares closed higher on Tuesday, extending a streak of gains to six straight sessions, driven by a rise in financial and consumer stocks.
The CSE All Share Index ended up 0.72% at 5,083.07.
Insurance underwriting firm Ceylinco Insurance Plc and beer brewer Lion Brewery (Celion) Plc were the biggest boosts to the index, rising 12.9% and 10%, respectively.
Investment company Browns Investments Plc and information and technology solutions provider Sri Lanka Telecom Plc were the biggest drags, falling 13.8% and 2.5%, respectively.
Foreign investors were net sellers, offloading 361.7 mln rupees ($1.94 mln) worth of shares, according to exchange data.
Trading volume rose to 83.2 million from 38.7 million in the previous session, while equity market turnover was 1.61 billion rupees, data showed.
The Sri Lankan rupee ended at 186.60 against the dollar on Tuesday, unchanged from a day earlier.
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