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Sri Lankan shares end higher on consumer, financial boost

Sri Lankan shares end higher on consumer, financial boost

Oct 8 (Reuters) – Sri Lankan shares marked their best session in nearly five months on Thursday, ending higher for a second straight session on the back of gains in consumer and financial stocks.

** The benchmark stock index ended up 3.09% at 5,724.54, its biggest intraday percentage gain since May 18.

** Commercial Leasing & Finance Plc and investment firm Carson Cumberbatch Plc were the top boosts to the index, gaining 27.8% and 9.6%, respectively.

** Finance company LOLC Development Finance Plc fell 3.6% and was the top drag on the index.

** Trading volume on the CSE All Share Index rose to 143.45 million, from 113.52 million a day earlier.

** Foreign investors were net sellers in the equity market, offloading 891.3 million Sri Lankan rupees ($4.84 million) worth of shares, according to exchange data.

** The Sri Lankan rupee was quoted at 184.15 against the U.S. dollar by 1240 GMT, 0.14% higher for the day compared with last session’s close of 184.4, according to Refinitiv data.

** Equity market turnover was 2.90 billion Sri Lankan rupees on Thursday, data showed.

** For a report on global markets, click

** For a report on major currencies, click ($1 = 184.1500 Sri Lankan rupees) (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Aditya Soni)

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Sri Lankan shares end lower as consumer, financial stocks weigh

Sri Lankan shares end lower as consumer, financial stocks weigh

Oct 6 (Reuters) – Sri Lankan shares closed lower again on Tuesday, weighed down by consumer and financial stocks, a day after posting their worst session in more than 16 years due to a resurgence in domestic coronavirus cases.

** The benchmark stock index ended down 0.94% at 5,534.61.

** Investment firm Bukit Darah Plc and carbonated drink producer Ceylon Cold Stores Plc shed 13.4% and 4.7%, respectively, and were the top drags on the index.

** Ceylon Tobacco Company Plc added 0.7%, capping losses.

** Trading volume on the CSE All Share Index fell to 163.32 million from 268.77 million a day earlier.

** Foreign investors were net buyers in the equity market, purchasing 92.1 million rupees ($499,051.75) worth of shares, according to exchange data.

** The Sri Lankan rupee was last quoted at 184.55 against the U.S. dollar as of 1240 GMT, 0.05% higher for the day compared to last session’s close of 184.65, according to Refinitiv data.

** Equity market turnover was 2.80 billion rupees on Tuesday, data showed.

** For a report on global markets, click

** For a report on major currencies, click ($1 = 184.5500 Sri Lankan rupees) (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Ramakrishnan M.)

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