Sri Lankan shares set record close on consumer, financial stocks boost

Reuters
·1 min read

Oct 26 (Reuters) - Sri Lankan shares notched a record closing high on Tuesday and advanced for the seventh consecutive session, boosted by gains in consumer and financial stocks.

* The CSE All-Share index ended 0.8% higher at 10,127.04 points, a record close for the index. It hit an all-time high of 10,147.69 earlier in the session.

* Investment co Browns Investments PLC and Commercial Leasing and Finance Plc were the top boosts to the index, rising 7.5% and 3.8%, respectively. LOLC Development Finance Plc was the top drag to the index, falling 5.7%.

* The country's central bank said on Tuesday it was expecting investments of around $1.1 billion from deals in multiple sectors to help top up the country's flagging foreign exchange reserves.

* It added that it was in talks with the Reserve Bank of India, the People's Bank of China and some other central banks to finalise foreign currency swap arrangements.

* The equity market's turnover was 6.72 billion rupees, according to stock exchange data https://www.cse.lk/pages/daily-market-summary/daily-market-summary.component.html.

* Trading volume on the exchange rose to 272.3 million shares from 235.9 million shares in the previous session.

* Foreign investors were net sellers in the equity market, offloading shares worth about 138.3 million rupees, as per exchange data.

* The island-nation reported 561 new coronavirus cases in the last 24 hours, taking the total to 536,645, while the COVID-19 death toll reached 13,640, according to data from the country's health bureau https://hpb.health.gov.lk/covid19-dashboard.

* For a report on global markets, click (Reporting by Soumyajit Saha in Bengaluru; Editing by Krishna Chandra Eluri)

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