Business
Sri Lankan shares close higher on boost from communication services, consumer staples
Sri Lankan shares close higher on boost from communication services, consumer staples
About this update from Smb Finance Plc
Sri Lankan shares closed higher on Monday, helped by gains in communication services and consumer staples stocks.* The CSE All-Share index CSELK:ASI settled 0.54% higher at 22,928.31.* Senkadagala Finance PLC CSELK:SFCL.N0000 and SMB Finance PLC CSELK:SEMB.N0000 were the top percentage gainers on the index, gaining 25% and 22.2% respectively.* Trading volume on the CSE All-Share index rose to 158.1 million shares from 154.8 million in the previous session.* The equity market's turnover rose to 5.73 billion Sri Lankan rupees ($18.93 million) from 5.60 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 1.13 billion rupees, while domestic investors were net buyers, purchasing shares worth 5.25 billion rupees, the data showed.* For a report on global markets, click ($1 = 302.7500 Sri Lankan rupees)