Sri Lankan shares extend record run as financials surge – Reuters

Jan 5 (Reuters) – Sri Lankan shares taped their fourth straight session of all-time highs on Wednesday, lifted by a rally in commercial and financial stocks. * The CSE All-Share index (. CSE) climbed 2.2% to 13,076.91, also registering its sixth consecutive session of gains. The index has actually acquired 7% currently in 2022 after an 80% rise last year. * Sri Lankan stocks are steaming ahead even as broader equities deteriorated with greater U.S. Treasury yields injuring technology stocks.Register now totally free unrestricted access to Reuters.comRegister * Aiding belief in Colombo was an announcement by the central bank chief that Sri Lanka has actually designated $500 million to repay an international sovereign bond growing on Jan. 18. The nation has to repay about $4.5 billion in 2022. * Conglomerate LOLC Holdings (LOLC.CM) was the biggest increase to the index, rising 11%, while logistics firm Expolanka Holdings (EXPO.CM) climbed 3.6%. * The equity markets turnover was 15.56 billion Sri Lankan rupees ($77.41 million) on Wednesday, according to stock market information. * Trading volume rose to 951.7 million shares from 806.4 million shares in the previous session. * Foreign financiers were net buyers in the equity market, getting shares worth 295 million rupees, exchange information revealed. * Sri Lanka has reported 588,929 coronavirus cases and 15,055 deaths, since Tuesday, data from the countrys health bureau showed. * About 63.52% of Sri Lankas population has been totally immunized, according to information from Johns Hopkins University. * For a report on global markets, click($1 = 201.0000 Sri Lankan rupees)Register now for FREE unrestricted access to Reuters.comRegisterReporting by Chris Thomas in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

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