• Fri. Jul 12th, 2024

Sri Lankan shares end higher on gains in industrial, consumer stocks


Nov 5, 2020 #ASPI, #CSE, #LOLC

Sri Lankan shares ended at their highest in more than a month on Thursday, driven by gains in industrial and consumer staples stocks.

The benchmark stock index ended up 1.66% at 6,004.11, its highest since Oct. 2 and marking its third straight session of gains.

Shares in Browns Investments rose 12.5% and were the biggest boost to the index.

Activated carbon manufacturer Haycarb surged 25%, making it the top percentage gainer in the index, while shares of cold chain facility operator Tess Agro advanced 20%.

Ceylinco Insurance fell 2.5% and was the biggest drag.

Trading volume on the CSE All Share Index slipped to 217.7 million from 242.1 million in the previous session.

Foreign investors were net sellers in the equity market, offloading 342 million Sri Lankan rupees ($1.85 million) worth of shares, according to exchange data.

Equity market turnover was 4.28 billion Sri Lankan rupees, exchange data showed.

Source: Reuters

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