Sri Lankan shares end lower as industrials, healthcare firms drag

Sri Lanka's national consumer price inflation rose 5.5% year-on-year in October

  

Sri Lanka's main stock index closed lower on Monday, dragged down by industrials and healthcare companies.

** The CSE All Share Index ended 0.21% lower at 6,072.07. It edged up 0.04% last week, marking its third straight weekly gain.

** Sri Lanka's national consumer price inflation rose 5.5% year-on-year in October compared to a 6.4% rise in the previous month, statistics department data showed on Monday.

** Meanwhile, Sri Lanka's finance minister, Mahinda Rajapaksa, while presenting the 2021 annual budget last week, said the island nation aimed to more than halve its fiscal deficit over the medium term. 

** Liquor maker Distilleries Company of Sri Lanka PLC and oil plantation investor Carson Cumberbatch PLC were the top drags, falling 2.4% and 3.7% respectively.

** Trading volume on the benchmark index fell to 39 million from 51.1 million in the previous session.

** Foreign investors were net sellers, offloading 62.2 million Sri Lankan rupees ($335,853.13) worth of shares, according to exchange data.

** Equity market turnover was 1.24 billion rupees, data showed.

** The Sri Lankan rupee was last quoted at 185.20 against the U.S. dollar.

($1 = 185.2000 Sri Lankan rupees)

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

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