Sri Lankan shares surge as industrials, financials rise
- Sri Lanka's CSE All Share Index ended 3.74% higher at 7,318.43, its best one-day performance since Feb. 12.
- Trading volume on the CSE All Share Index climbed to 92.4 million from 77 million in the previous session.
Sri Lankan shares clocked their best daily gain in nearly one month on Monday, as financial and industrial stocks advanced.
Sri Lanka's CSE All Share Index ended 3.74% higher at 7,318.43, its best one-day performance since Feb. 12.
The gains follow a week in which the benchmark recorded its worst performance in almost one year.
Trading volume on the CSE All Share Index climbed to 92.4 million from 77 million in the previous session.
Conglomerates LOLC Holdings and Expolanka Holdings were the top two boosts to the index.
Foreign investors were net sellers, offloading shares worth 351.6 million Sri Lankan rupees ($1.8 million), according to exchange data.
Equity market turnover was 2.7 billion rupees, exchange data showed.
The Sri Lankan rupee was quoted at 195.50 against the dollar as of 1108 GMT, according to Refinitiv data.
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