Sri Lankan shares climb as financials gain

Sri Lankan shares climb as financials gain

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Sri Lankan shares closed higher on Monday, led by financial stocks.

The CSE All-Share index settled 1.37% higher at 21,531.37 points.

The index recorded its fifth consecutive session of gains.

Commercial Bank of Ceylon PLC and Hatton National Bank PLC were among the biggest boosts to the index, up 2.9% and 1.5%, respectively.

Trading volume on the index rose to 144.4 million shares from 112 million shares in the previous session.

The equity market’s turnover rose to 3.33 billion Sri Lankan rupees ($10.02 million) from 2.89 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 79.9 million rupees, while domestic investors were net buyers, purchasing shares worth 3.32 billion rupees, the data showed.

Source: brecorder

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