off-the-wire

Sri Lankan shares end higher as financials rise

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 8 (Reuters) - Sri Lankan shares end higher on Monday, helped by financial stocks.


* The first meeting on debt restructuring for debt-ridden Sri Lanka will take place on Tuesday at 1100 GMT, the Japanese Ministry of Finance said on Monday.
* The meeting will be followed by a gathering of the financial leaders from the Group of Seven (G7) advanced nations, to be hosted by Japan, later this week.


* The CSE All Share index settled 1.09% higher at 8,926.58 on Monday.
* Expolanka Holdings Plc and Sri Lanka Telecom Plc were the top gainers on the CSE All Share, rising 2.4% and 4.7%, respectively.
* Trading volume on the index rose to 46.6 million shares from 12.7 million in the previous session.
* The equity market's turnover rose to 885.2 million Sri Lankan rupees ($2.79 million) from 252.4 million rupees in the previous session, according to exchange data.
* Foreign investors were net sellers, offloading stocks worth 22.5 million rupees, while domestic investors were net buyers, purchasing shares worth 864.5 million rupees, data showed.
* For a report on global markets, click ($1 = 317.0000 Sri Lankan rupees) (Reporting by Ashna Teresa Britto in Bengaluru; Editing by Shweta Agarwal)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.