Sri Lankan shares end higher as financials surge

Sri Lankan shares closed higher on Monday for a fifth straight session

  

Sri Lankan shares closed higher on Monday for a fifth straight session, helped by gains in financial and consumer staple stocks.

* The CSE All-Share Index closed up 0.15% at 7,726.73.

* The index rose 1.4% last week, posting its fourth straight weekly gain mainly due to gains in financial stocks.

** Sri Lanka's national consumer price index rose 1% month on month in May, data from the country's Statistics Department showed on Monday.

* Lender LOLC Development Finance LOLD.CM surged 25% and was the top boost. The stock surged 121% last week.

* Sri Lanka reported 239,689 total confirmed coronavirus cases as of Monday, and 2,581 deaths, according to health ministry data.

* The island nation has fully vaccinated only 3.61% of the country's population so far, Johns Hopkins data showed on Monday.

* Last week, the country's central bank said earnings from the tourism sector remained subdued in April, but workers' remittances continued to grow compared to the same period last year.

* Trading volume on Friday fell to 62.5 million from 73.9 million in the previous session.

* Foreign investors were net purchasers in the equity market, buying shares worth 410.6 million rupees, exchange data showed.

* Equity market turnover was 1.95 billion rupees, according to exchange data.

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Aditya Soni) ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))


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