Feb 6 (Reuters) - Sri Lankan shares ended lower on
Monday, dragged by losses in financial stocks.
* The CSE All Share index fell 0.85% to 9,100.14,
snapping a three-day rally.
* Sri Lanka is completing the pre-requisites to unlock a
$2.9 billion bailout from the International Monetary Fund and
expects rapid approval from the global lender, President Ranil
Wickremesinghe said on Saturday in his address to mark the
island nation's 75th Independence Day.
* The country is focused on getting financing assurances
from key bilateral creditors China and Japan. India, the third
major creditor, agreed to support debt restructuring last month.
** Also, a group of overseas private creditors is ready to
hold debt restructuring talks with the country consistent with
the IMF's programme, their legal adviser White & Case LLP said
on Friday.
* Sri Lanka's stock market was closed on Friday for a
holiday.
* LOLC Finance and LOLC Holdings were
the biggest drags to the index on Monday, down 4.6% and 1.8%,
respectively, according to Refinitiv data.
* The trading volume on the CSE All Share index fell to 73.9
million shares from 106.8 million in the previous session.
* The equity market's turnover fell to 2.32 billion Sri
Lankan rupees ($6.42 million), from 4.17 billion rupees in the
previous session, according to exchange data.
* Foreign investors were net buyers in the equity market,
purchasing stocks worth 490.6 million rupees, while domestic
investors were net sellers, offloading 2.29 billion rupees worth
of shares, the data showed.
* For a report on global markets, click ($1 = 361.5000 Sri Lankan rupees)
(Reporting by Yagnoseni Das in Bengaluru; Editing by Shilpi
Majumdar)
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