CORRECTED-Sri Lankan shares end higher as industrials, consumer discretionary stocks rise

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Corrects headline to say shares rose on industrials, not financial stocks) March 31 (Reuters) - Sri Lankan shares closed higher on Friday, helped by gains in industrials and consumer discretionary stocks.


* The CSE All-Share index rose 0.79% to 9,301.09.
* However, the index fell for the second straight week, following four weeks of gain.
* Sri Lanka's key inflation rate eased to 50.3% in March from 50.6% in February, the statistics department said on Friday.
* The Colombo Consumer Price Index (CCPI) reflected a reduction in food inflation to 47.6% in March from 54.4% in February, but non-food inflation reached 51.7%, the Census and Statistics Department said in a statement.
* Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday.
* Conglomerate Expolanka Holdings Plc and Ceylon Tobacco Company Plc were the top boots on the index, rising 5.8% and 2.2%, respectively, according to Refinitiv data.
* The trading volume for the CSE All-Share index rose to 382.4 million shares from about 45.7 million in the previous session, touching its highest level since Feb. 1, 2022.
* The equity market's turnover rose to 4.27 billion Sri Lankan rupees ($13.1 million) from 912.7 million rupees in the previous session, according to exchange data.
* Foreign investors were net sellers in the equity market, offloading 2.6 billion rupees worth of shares, while domestic investors were net buyers, buying stocks worth 4.20 billion rupees, the data showed.
* For a report on global markets, click ($1 = 327.0000 Sri Lankan rupees) (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Varun H K)

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