Sri Lankan shares snap four-session rally as financials weigh

  • 12/1/2021
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Sri Lankan shares snapped four straight sessions of gains on Wednesday, hurt by losses in financial and consumer stocks. * The CSE All-Share index (.CSE) fell 0.27% to end at 11,409.88 points, reversing from a record high of 11,649.64 hit earlier in the day. * Commercial Leasing and Finance Plc (COLE.CM) and LOLC Finance Plc (LOLF.CM) were the biggest drags on the index, dropping 7.6% and 5.3%, respectively. * The equity market"s turnover was 11.08 billion Sri Lankan rupees ($55.12 million), according to stock exchange data. * Trading volume rose to 402.0 million shares, from 350.2 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth about 153.9 million rupees, as per exchange data. * The island-nation reported 722 new coronavirus cases in the last 24 hours, taking the total to 563,989, data from the country"s health bureau showed. * About 63.04% of the country"s population has been fully vaccinated so far, according to data from Johns Hopkins University.

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