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Markets

Sri Lankan shares end higher for fourth session as industrial, consumer stocks rise

  • Trading volume on the CSE All Share Index was 68.4pc higher at 360.51 million compared to the last full trading day.
Published October 12, 2020

Sri Lankan shares closed higher on Monday for a fourth straight session, helped by industrial and consumer discretionary stocks.

The benchmark stock index ended up 0.73pc at 5,841.05.

Freight-to-investment services provider Expolanka Holdings Plc and retail and financial services provider Singer (Sri Lanka) Plc were the top boosts to the index, rising 16.4pc and 11.8pc respectively.

Commercial Bank of Ceylon Plc was the top drag, falling 2.6pc.

Trading volume on the CSE All Share Index was 68.4pc higher at 360.51 million compared to the last full trading day.

Foreign investors were net sellers in the equity market, offloading 287.9 million rupees ($1.56 million) worth of shares, according to exchange data.

The Sri Lankan rupee was last quoted at 184.2 against the US dollar as of 12:40 GMT, according to Refinitiv data.

Equity market turnover was 3.8 billion rupees, data showed.

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