Sri Lankan shares end higher as financials, consumer stocks gain
- The CSE All-Share Index rose 0.49% to 7,145.97. On Tuesday the index fell 1.4%, its worst one-day fall since April 27.
- Diversified holding company Expolanka Holdings Plc and cigarette maker Ceylon Tobacco Company Plc were the top boosts, gaining 1.6% and 2.9%, respectively.
Sri Lankan shares closed higher on Wednesday, helped by gains in financial and consumer staples.
The CSE All-Share Index rose 0.49% to 7,145.97. On Tuesday the index fell 1.4%, its worst one-day fall since April 27.
Sri Lanka reported 1,914 new COVID-19 cases on Tuesday, after seeing a record increase on Monday, while overall deaths have crossed 700 so far, according to a Johns Hopkins University tally.
The island nation's government had last month imposed fresh restrictions on public gatherings to help contain the surge in infections.
Diversified holding company Expolanka Holdings Plc and cigarette maker Ceylon Tobacco Company Plc were the top boosts, gaining 1.6% and 2.9%, respectively.
Trading volumes fell to 74.2 million from 195.5 million in the previous session.
Foreign investors were net sellers in the equity market, offloading shares worth 127 million Sri Lankan rupees ($647,959.18) according to exchange data.
Equity market turnover was 890.3 million rupees.
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