Sri Lankan shares end lower as industrials, financials fall

  • Reuters
  • Forex News
Sri Lankan shares end lower as industrials, financials fall
Credit: © Reuters.

April 22 (Reuters) - Sri Lankan shares closed lower on Thursday, hurt by losses in the industrial and financial sectors.

* The CSE All-Share Index .CSE fell about 1.4% to close at 7,327.91 points. The index is up about 8.2% for the year.

* Conglomerates Lanka ORIX Leasing Company Plc LOLC.CM and Expolanka Holdings Plc EXPO.CM were the top drags to the index, falling 3% and 4%, respectively.

* The Sri Lankan central bank on Wednesday evening said it would issue development bonds worth up to $750 million via auction on April 22 Trading volumes rose to 139.3 million from 128.8 million in the previous session.

* Foreign investors were net buyers in the equity market, purchasing about 583 million rupees ($3.02 million) worth of shares, according to exchange data.

* Equity market turnover was 2.61 billion rupees, exchange data showed.

* The Sri Lankan rupee LKR=LK was quoted slightly lower at 193 against the U.S. dollar, as of 1136 GMT, according to Refinitiv data.

* For a report on global markets, click MKTS/GLOB

* For a report on major currencies, click FRX/

($1 = 193.0000 Sri Lankan rupees)

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  • Pradeep Rao @Pradeep Rao
    Deep global recession is unavoidable..
    Like 0

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