Sri Lankan shares end higher as financials rise

Sri Lankan shares closed higher on Wednesday, snapping two sessions of losses, helped by gains in financials and consumer discretionary stocks.

The CSE All-Share index settled 1.16% higher at 10,770.54.

Lanka IOC PLC and Sampath Bank PLC were the top boosts on the index, rising 6.8% and 4.8%, respectively.

Sri Lanka shares end lower dragged by financials, industrials

Trading volume on the index fell to 23.7 million shares from 30.4 million shares in the previous session.

The equity market’s turnover rose to 788.8 million Sri Lankan rupees ($2.41 million) from 739.6 million rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 130.1 million rupees, while domestic investors were net buyers, purchasing shares worth 704.9 million rupees, the data showed.