Sri Lankan shares inch higher on gains in industrial, real estate stocks

Sri Lankan shares ended marginally higher on Wednesday

  

Sri Lankan shares ended marginally higher on Wednesday, helped by gains in industrial and real estate stocks.

* The CSE All-Share Index ended up 0.09% at 7,121.28.

* Investment company Carson Cumberbatch Plc and beer brewer Lion Brewery (Ceylon) Plc were the top boosts to the index, gaining 4.6% and 5.3%, respectively.

* Investment company Sunshine Holdings Plc and Commercial Bank of Ceylon Plc were the top drags on the index, falling 67.1% and 5%, respectively.

* Trading volume fell to 45.1 million from 619 million in the previous session.

* Foreign investors were net sellers, offloading 84.6 million Sri Lankan rupees ($426,196.47) worth of shares, according to exchange data.

* Equity market turnover was 777.9 million rupees, exchange data showed.

* Meanwhile, Sri Lanka's consumer prices fell 0.18% month-over-month in March, after a 0.3% rise in February, data from the statistics department showed. 

* Separately, Sri Lankan President Gotabaya Rajapaksa on Twitter said the island nation received 600,000 doses of Sinopharm's COVID-19 vaccine. The country has reported 92,442 total confirmed cases and 566 deaths, according to health ministry data.

* The Sri Lankan rupee was last quoted at 198.5 against the U.S. dollar as of 1237 GMT, according to Refinitiv data.

($1 = 198.5000 Sri Lankan rupees)

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


More From Equities