Sri Lankan shares end over 1% higher as financials rally

  • 11/22/2021
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Nov 22 (Reuters) - Sri Lankan shares rebounded on Monday from their worst drop in two months in the previous session as financial stocks rallied. * The CSE All-Share index (.CSE) closed 1.49% higher at 10,817.24 points. * The index slumped 3.3% on Friday, marking its worst day since Sept. 13. * Index heavyweight Commercial Leasing and Finance Plc (COLE.CM) was the top boost, rising 10.1%. * Sri Lanka"s national consumer price inflation jumped 8.3% year-on-year in October, compared with a rise of 6.2% a month ago, Statistics Department data showed. * The equity market"s turnover was 6.15 billion Sri Lankan rupees ($30.37 million) according to stock exchange data. * Trading volume on the exchange fell to 224 million shares, from 322.3 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth about 113.04 million rupees, as per exchange data. * The island-nation reported 697 new coronavirus cases in the last 24 hours, taking the total to 556,626, data from the country"s health bureau showed. * Total death toll was at 14,127, according to the data. * About 62.86% of the country"s population is fully vaccinated so far, according to data from Johns Hopkins University. * For a report on global markets, click ($1 = 202.5000 Sri Lankan rupees) Reporting by Nallur Sethuraman in Bengaluru

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