Business
Sri Lankan shares rise for sixth straight session
Sri Lankan shares rise for sixth straight session
About this update from Sierra Cables Plc
Sri Lankan shares closed higher for the sixth straight session on Tuesday, as gains in healthcare and financials offset a decline in utilities and real estates stocks.* The CSE All-Share index CSELK:ASI settled 0.26% higher at 21,282.84.* SMB Finance PLC CSELK:SEMB.N0000 and Agstar PLC CSELK:AGST.N0000 were the top percentage gainers on the index, up 33.3% and 13%, respectively.* Sierra Cables PLC CSELK:SIRA.N0000 and Harischandra Mills PLC CSELK:HARI.N0000 were the top losers, down 8.2% and 7%, respectively.* Trading volume on the index fell to 224.8 million shares from 276.3 million shares in the previous session.* The equity market's turnover fell to 6.56 billion Sri Lankan rupees ($21.7 million) from 8.08 billion rupees, according to exchange data.* Foreign investors were net buyers, purchasing stocks worth 339.1 million rupees, while domestic investors were net sellers, offloading shares worth 6.29 billion rupees, the data showed.* For a report on global markets, click ($1 = 302.3000 Sri Lankan rupees)