Sri Lankan shares end lower as financials slide

  • 12/27/2021
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Dec 27 (Reuters) - Sri Lankan shares closed lower on Monday as losses in financial stocks outweighed gains in the real estate sector. * The CSE All-Share index (.CSE) was down 0.52% at 12,008.49 points at the closing bell. The index had gained 2.7% last week. * Financial services provider Senkadagala Finance (SFCL.CM) plunged 24.8% and was the top drag on the index, while conglomerate Softlogic Holdings (SOFT.CM) was the top boost with a gain of nearly 25%. * Real estate firm Property Development Plc (PDL.CM), which rents out the building that serves as the headquarters of the Bank of Ceylon, was up 14.1%. * The equity market"s turnover was 7.32 billion rupees ($36.15 million), according to stock exchange data. * Trading volume jumped to 635.2 million shares from 175.5 million shares in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth 542.9 million rupees, as per exchange data. * The island-nation has reported 583,649 coronavirus cases and 14,884 deaths, as of Monday, data from the country"s health bureau showed. * About 63.43% of Sri Lanka"s population has been fully vaccinated, according to data from Johns Hopkins University. * For a report on global markets, click ($1 = 202.5000 Sri Lankan rupees)

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