Sri Lanka shares end higher as financials, industrials gain

The market rebound came as global policymakers signalled their intention to address the economic fallout from the spreading coronavirus.

  

Sri Lankan markets closed marginally higher on Tuesday for a second straight session, buoyed by financial and industrial companies, following a recovery in global stocks and oil prices.

The market rebound came as global policymakers signalled their intention to address the economic fallout from the spreading coronavirus.

** The benchmark stock index closed up 0.07% at 5,618.41. It fell 4.1% in the past week and is down 8.3% for the year so far.

** John Keells Holdings Plc and Hatton National Bank Plc were the top boosts to the CSE index, rising 1.2% and 2.9%, respectively.

** Foreign investors were net sellers, offloading 138.3 mln Sri Lankan rupees ($759,890.11) worth of shares, according to exchange data.

** Equity market turnover was 323.4 mln Sri Lankan rupees, data showed.

** The Sri Lankan rupee was last quoted at 182 against the U.S. dollar as of 12:30 GMT, 0.05% higher for the day compared to last session's close of 182.1, according to Refinitiv data.

($1 = 182.0000 Sri Lankan rupees)

(Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Ramakrishnan M.) ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))


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