Sri Lankan shares boosted by financials

Sri Lankan shares closed higher on Tuesday

  

Sri Lankan shares closed higher on Tuesday, supported by gains in financial stocks.

* The CSE All-Share Index closed up 0.31% at 7,605.53 on Tuesday. The index, which has clocked gains in four out of the last five sessions, is up 12.3% this year.

** Rating agency Fitch on Tuesday affirmed the country at "CCC", which indicates a real possibility of a debt default.

* Fitch also said Sri Lanka's medium-term debt service challenges are substantial and pose risks to sovereign's debt repayment capacity. 

* Sri Lanka has reported 225,922 total confirmed coronavirus cases as of Tuesday, and 2,203 deaths, according to health ministry data.

* The island nation lifted travel restrictions on Monday, but has fully vaccinated only 2.5% of the country's population so far, Johns Hopkins datashowed.

* On Tuesday, financial firms Browns Investments and LOLC Finance were among the top boosts, adding more than 3% each.

* Trading volume fell to 68 million from 69 million in the previous session.

* Foreign investors were net sellers in the equity market, offloading shares worth 43 million rupees, exchange data showed.

* Equity market turnover was 1.75 billion rupees, according to exchange data.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Amy Caren Daniel) ((Chandini.M@thomsonreuters.com; +918061822697;))


More From Equities