* The CSE All Share index settled 1.02% higher at
8,799.91 on Wednesday.
* Sri Lanka's apparel export earnings could slump by $1
billion this year, a top industry expert said on Wednesday, as
slowing global demand drags the crisis-hit South Asian country.
* Apparel is Sri Lanka's largest industrial export, in which
it earned $5.95 billion in 2022, helping the country to weather
its worst financial crisis since independence in 1948 that was
triggered by a record reduction in foreign exchange reserves.
* On the CSE All Share index, Expolanka Holdings Plc and LOLC Finance Plc were the top gainers on
the index, rising 3.5% and ~3.9%, respectively.
* Trading volume on the index fell to 29.9 million shares
from 52.4 million in the previous session.
* The equity market's turnover fell to 611.7 million Sri
Lankan rupees ($1.92 million) from 983.9 million rupees in the
previous session, according to exchange data.
* Foreign investors were net sellers, offloading stocks
worth 99.6 million rupees, while domestic investors were net
buyers, purchasing shares worth 585.9 million rupees, the data
showed.
* For a report on global markets, click ($1 = 319.2000 Sri Lankan rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by
Shweta Agarwal)
May 3 (Reuters) - Sri Lankan shares end higher on
Wednesday, snapping a losing streak of eleven straight sessions,
helped by financial and industrial stocks.
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