Sri Lankan shares end flat as financial losses offset industrial gains

  • 11/29/2021
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Nov 29 (Reuters) - Sri Lankan shares ended flat on Monday, after rising more than 1% for two straight sessions, as gains in industrial stocks were offset by losses in the financial and consumer sectors. * The CSE All-Share index (.CSE) closed up 0.04% at 11,202.09 points, after hitting a record high of 11,318.24 earlier in the session * Conglomerate Expolanka Holdings (EXPO.CM) and LOLC Development Finance (LOLD.CM) were the top boosts, rising 6.7% and 3.8%, respectively. ** Keeping a lid on gains were LOLC Holdings (LOLC.CM), shedding 1.8%, and Brown and Co Plc (BRWN.CM), losing 6.2%. * The equity market"s turnover was 8.97 billion Sri Lankan rupees ($44.30 million) according to stock exchange data. * Trading volume rose to 343.3 million shares from the 335.1 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth about 109.9 million rupees, as per exchange data. * The island nation reported 742 new coronavirus cases in the last 24 hours, taking the total to 562,520, data from the country"s health bureau showed. * The country on Saturday said it was barring travellers from six Southern African countries over concerns about the new Omicron coronavirus variant. read more * About 63.01% 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)

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