Sri Lankan shares end flat as industrials, banks offset consumer losses

  • 7/8/2021
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July 8 (Reuters) - Sri Lankan shares closed flat on Thursday after the central bank stood pat on interest rates, with gains in industrial and financial stocks offseting weakness in the consumer sector. * The CSE All-Share index closed 0.03% higher at 7,811.61. It has added 0.8% so far this week. * Sri Lanka’s central bank held key policy rates steady on Thursday while saying that disruptions due to a third wave of COVID-19 infections during the second quarter had hindered the nation’s economic recovery. * Conglomerate Expolanka Holdings firmed 1.8% and Lanka Orix Leasing Co added 0.9%, making them the top boosts to the index. * But consumer stocks lost ground, with dairy products maker Kotmale Holdings sinking 17.7% to be the top drag. * Domestic coronavirus cases continued to rise, with total confirmed COVID-19 infections in the country increasing to 268,676 and the death toll standing at 3,351 as of Thursday, according to health ministry data here. * The island nation has so far fully vaccinated about 5.89% of its population, according to Johns Hopkins data here. * Trading volume on the exchange fell to 48.7 million from 55.9 million in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth 467.6 million rupees, exchange data showed here. * The equity market’s turnover was 1.24 billion rupees, according to exchange data. * For a report on global markets, click * For a report on major currencies, click (Reporting by Chandini Monnappa in Bengaluru; Editing by Aditya Soni) Our Standards: The Thomson Reuters Trust Principles.

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