Sri Lankan shares end higher as financials boost

  • 11/23/2021
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Nov 23 (Reuters) - Sri Lankan shares rose more than one percent for a second straight session on Tuesday, driven mostly by gains in financial stocks. * The CSE All-Share index (.CSE) closed 1.03% higher at 10,928.60 points. * Lanka ORIX Leasing Company Plc (LOLC.CM) was the top boost, rising 18.1% to a record high. * The Central Bank of Sri Lanka (CBSL) is expected to raise rates a second time since the onset of the pandemic on Thursday to curtail inflationary pressures, manage external challenges and attract foreign inflows, economists and analysts said. read more * The equity market"s turnover was 6.6 billion Sri Lankan rupees ($32.59 million) according to stock exchange data. * Trading volume on the exchange fell to 216.2 million shares, from 224 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth about 217.7 million rupees, as per exchange data. * The island-nation reported 735 new coronavirus cases in the last 24 hours, taking the total to 558,120, data from the country"s health bureau showed. * Total death toll was at 14,158, according to the data. * About 62.87% of the country"s population is fully vaccinated so far, according to data from Johns Hopkins University. * Meanwhile, at least six people have died and around ten are missing after a ferry they were travelling in capsized in eastern Sri Lanka on Tuesday, officials said. read more * For a report on global markets, click ($1 = 202.5000 Sri Lankan rupees) Reporting by Nallur Sethuraman in Bengaluru; Editing by Shinjini Ganguli

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