Sri Lankan shares pull back from record highs on losses in industrials, financials – Reuters


Jan 10 (Reuters) – Sri Lankan shares retreated from record highs on Monday and ended over 1% lower as industrial and financials stocks weighed. * The CSE All-Share index (. CSE) closed 1.23% down at 13,117.07 points. The index settled at record peaks for the last six sessions, with regional financiers driving the rally. * The index also haulted its eighth straight session of gains on Monday, having actually risen 8.63% last week, its greatest given that late January last year.Register now totally free limitless access to Reuters.comRegister * Foreign financiers were net sellers in the equity market, offloading shares worth 215.6 million rupees ($1.06 million), while domestic investors were net purchasers of shares worth more than 8.61 billion rupees, exchange information revealed. * The equity markets turnover was 8.81 billion rupees. * Conglomerate LOLC Holdings (LOLC.CM) and logistics firm Expolanka Holdings (EXPO.CM) were the top drags out the index, falling 2.8% and 2.1%, respectively. * Trading volume was up to 362.6 million shares from 622.3 million shares in the previous session. * Meanwhile, Sri Lankas President Gotabaya Rajapaksa on Sunday asked China to help restructure financial obligation repayments as part of efforts to help the nation weather a worsening financial crisis, his workplace stated in a declaration. find out more * The South Asian nation has to pay back about $4.5 billion in debt this year, with a $500 million International Sovereign Bond developing next week. * For a report on international markets, click($1 = 202.7500 Sri Lankan rupees)Register now totally free unrestricted access to Reuters.comRegisterReporting by Rama Venkat in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post