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Sri Lankan shares climb to record close on financial, consumer boost

reuters.com · 11/11/2021 06:32
Sri Lankan shares climb to record close on financial, consumer boost

- Sri Lankan shares hit fresh record highs at close on Thursday, helped by gains in financial and consumer stocks.

* The CSE All-Share index .CSE rose 1.56% to end at 10,686.37 points, its highest closing level ever.

* Commercial Leasing and Finance Plc COLE.CM and LOLC Finance LOLF.CM rose 4.8% and 23.9%, respectively, the biggest boosters to the index.

* The country's central bank said in a report on Thursday headline inflation could remain above its target levels in the near term. nFWN2S13HQ

* The report added that the central bank expected gross official reserves to be enhanced to adequate levels despite near term volatilities.

* The equity market's turnover was 6.88 billion rupees, according to stock exchange data.

* Trading volume on the exchange fell to 347.5 million shares, from the 364.0 million shares in the previous session.

* Foreign investors were net sellers in the equity market, selling shares worth about 85.1 million rupees, as per exchange data.

* In the last 24 hours, the island-nation has reported 693 COVID-19 cases, taking the total to 547,346 with the death toll at 13,908, data from the country's health bureau showed.

* About 62.36% of the country's population is fully vaccinated so far, according to data from Johns Hopkins University.

* For a report on global markets, click MKTS/GLOB

(Reporting by Soumyajit Saha in Bengaluru;)