Sri Lankan shares log seventh straight session of gains

About this update from Mercantile Shipping Company Plc

Sri Lankan shares closed higher on Wednesday and extended its gaining streak to seven sessions, boosted by utilities and energy stocks.* The CSE All-Share index CSELK:ASI settled 0.26% higher at 21,338.45.* Mercantile Shipping Company PLC CSELK:MSL.N0000 and Industrial Asphalts (Ceylon) PLC CSELK:ASPH.N0000 were the top percentage gainers on the index, gaining 25% each.* Ceylon Hospitals PLC CSELK:CHL.N0000 and Harischandra Mills PLC CSELK:HARI.N0000 were the top losers, down 8.3% each.* Trading volume on the index fell to 185.8 million shares from 224.8 million shares in the previous session.* The equity market's turnover fell to 5.57 billion Sri Lankan rupees ($18.4 million) from 6.56 billion rupees, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 270.8 million rupees, while domestic investors were net buyers, purchasing shares worth 5.42 billion rupees, the data showed.* For a report on global markets, click ($1 = 302.4500 Sri Lankan rupees)

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