Sri Lankan shares rise for fifth straight month

About this update from Paragon Ceylon Plc

Sri Lankan shares closed higher on Tuesday, helped by gains in information technology and consumer staples stocks, as the benchmark index logged its fifth consecutive monthly gain.* The CSE All-Share index CSELK:ASI settled up 0.5% to 21,778.60, rising for eleventh straight session.* Diesel & Motor Engineering PLC CSELK:DIMO.N0000 and Paragon Ceylon PLC CSELK:PARA.N0000 were the top percentage gainers on the CSE All-Share index, rising 21% and 19.8%, respectively* Sri Lanka's Colombo consumer price index was up 1.5% year-on-year in September after rising 1.2% in August, the statistics department said.* Trading volume rose to 154.9 million shares from 131.7 million in the previous session* The equity market's turnover rose to 6.3 billion Sri Lankan rupees ($20.83 million), compared with 4.25 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers of shares worth 647 million rupees in the equity market, while domestic investors were net buyers of shares worth 6.02 billion rupees, data showed.* For a report on global markets, click ($1 = 302.5000 Sri Lankan rupees)

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