AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Markets

Sri Lanka shares extend gains boosted by financial stocks

  • The CSE All-Share index ended up 0.62% at 7,794.21. Last week, it fell 0.8%.
  • Financial stocks LOLC Development Finance and Commercial Leasing & Finance were among the top boosts to the index, rising 21.8% and 8.1%, respectively.
Published July 5, 2021

Sri Lankan shares settled higher on Monday, extending gains for a second session, supported by gains in financial stocks.

The CSE All-Share index ended up 0.62% at 7,794.21. Last week, it fell 0.8%.

Sri Lankan banks' performance in 2020 and first quarter of 2021 exceeded initial expectations, thanks to stimulus and regulatory relief measures - Fitch Ratings said.

However, risks to the country's banks' performance and operating environment remain, due to pressure stemming from COVID-19 and the sovereign credit profile - Fitch.

Last month, Fitch recalibrated its Sri Lanka National Rating scale.

On Monday, financial stocks LOLC Development Finance and Commercial Leasing & Finance were among the top boosts to the index, rising 21.8% and 8.1%, respectively.

The state minister for pharmaceutical production, Channa Jayasumana said on Sunday the country will receive 26,000 Pfizer vaccines on Monday.

Sri Lanka has reported 265,630 total confirmed coronavirus cases and 3,236 deaths, as of Monday, according to health ministry data.

Last week, the country's president directed health authorities to vaccinate all people above the age of 30 in Western Province, before July 31.

So far, the island nation has fully vaccinated about 5.5% of its population, according to Johns Hopkins data.

On Monday, trading volume on the exchange fell to 43.7 million from 53 million in the previous session.

Foreign investors were net sellers in the equity market, offloading shares worth 610.2 million rupees, exchange data showed.

The equity market's turnover was 1.42 billion rupees, according to exchange data.

Comments

Comments are closed.