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Markets

Sri Lankan shares post best quarterly show in 11 years

  • The CSE All-Share index ended 0.28% higher at 9,459.94 points. The index rose 20.7% for the quarter and 5.14% for the month
Published September 30, 2021

Sri Lankan shares recorded their best quarter since September 2010, with the main index closing at a record high on Thursday, as massive liquidity due to the low interest-rate environment and strong retail participation boosted stocks.

The CSE All-Share index ended 0.28% higher at 9,459.94 points. The index rose 20.7% for the quarter and 5.14% for the month.

Conglomerates Expolanka Holdings Plc and John Keells Holdings were the top boosts to the index, rising 2.6% and 3.75%, respectively.

Sri Lanka's consumer prices rose 0.4% month-on-month in September, after 0.3% rise in August, according to the country's statistics department.

Sri Lankan shares close at all-time high on consumer stocks boost

The equity market's turnover was about 6.94 billion rupees, according to stock exchange data.

Trading volume on the exchange rose to 284.5 million shares from 238.4 million shares in the previous session.

Foreign investors were net sellers in the equity market, offloading shares worth about 577.2 million rupees, as per exchange data.

The island nation reported 941 new coronavirus cases in the last 24 hours, taking the total to 516,465.

It reported 61 fatalities due to COVID-19 in the last 24 hours, bringing the death toll to 12,847, health bureau data showed.

About 53.67% of the country's entire population is fully vaccinated so far, according to data from Johns Hopkins University.

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