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Markets

Sri Lankan shares end higher as financials, industrials gain

  • The CSE All-Share Index closed 0.76% higher at 7,333.42.
  • Sri Lanka reported 2,584 new cases of COVID-19 on Thursday, with the death toll reaching 1,298 and about 1.58% of the country's population fully vaccinated so far, as per Johns Hopkins data.
Published May 28, 2021 Updated May 28, 2021 06:24pm
By

Sri Lankan shares closed higher on Friday after a two-day market holiday, as the financial and industrial sectors gained.

The CSE All-Share Index closed 0.76% higher at 7,333.42.

Conglomerates John Keells Holdings Plc and LOLC Holdings were the top two boosts to the index, rising 2% and 2.1%, respectively.

Sri Lanka reported 2,584 new cases of COVID-19 on Thursday, with the death toll reaching 1,298 and about 1.58% of the country's population fully vaccinated so far, as per Johns Hopkins data.

The Sri Lankan government has said that the lockdown will now continue without the relaxations announced on May 31 and June 4.

Trading volumes increased to 147.7 million from 51.3 million in the previous session.

Foreign investors were net sellers in the equity market, offloading shares worth 685.1 million rupees, according to exchange data.

Equity market turnover was 2.89 billion rupees, the data showed.

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