Sri Lankan shares perched at record highs as financials, industrials rally

  • 12/13/2021
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Sri Lankan shares jumped over 2% to a record close on Monday, extending gains for the third straight session, boosted by rallying financial and industrial shares * The CSE All-Share index (.CSE) advanced 2.36% to a record close of 11,662.38, having hit an all-time high of 11,711.65 earlier in the session * Lanka ORIX Leasing Co (LOLC.CM) and Expolanka Holdings (EXPO.CM) were the top boosts to the index, jumping 19.9% and 3.6%, respectively. * The equity market"s turnover was 8.17 billion rupees ($40.65 million), according to stock exchange data. * Trading volume rose to 909.2 million shares from 359.0 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth 362.6 million rupees, as per exchange data. * The island-nation reported 714 new coronavirus cases in the last 24 hours, taking the total to 572,902, while deaths rose to 14,614, data from the country"s health bureau showed. * About 63.24% of the country"s population has been fully vaccinated, according to data from Johns Hopkins University. * For a report on global markets, click ($1 = 201.0000 Sri Lankan rupees) Reporting by Soumyajit Saha in Bengaluru; Editing by Shailesh Kuber Our Standards: The Thomson Reuters Trust Principles.

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