Sri Lankan shares close at near 7-month high as financials rise
- The CSE All-Share index rose 1.02% to 8,756.63 points
- Twenty-nine stocks hit fresh highs, while 27 companies hit new lows on the main exchange
Sri Lankan shares closed at their highest level in almost seven months on Wednesday, boosted by strong gains in the financial sector.
The CSE All-Share index rose 1.02% to 8,756.63 points.
The benchmark index closed higher for a third consecutive session and has gained more than 6% this week so far.
Financial services provider Commercial Leasing and Finance Plc was the top boost to the index, closing 19.1% higher while conglomerate Expolanka Holdings Plc rose 3.3%.
Sri Lanka reported 190 fatalities due to COVID-19 in the last 24 hours, bringing the death toll to 7,750.
Sri Lankan shares close at over 6-month high as financials surge
COVID-19 cases rose by 4,446 in the last 24 hours, crossing the 400,000-mark even as the island-nation remains under a 10-day lockdown.
Data from Johns Hopkins University showed the country has fully vaccinated 26.64% of its population so far.
Twenty-nine stocks hit fresh highs, while 27 companies hit new lows on the main exchange, according to Refinitiv Eikon data.