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Sri Lankan shares close higher for 8th session as consumer staples surge

01/07/2021 | 07:07am EDT

Jan 7 (Reuters) - Sri Lankan shares closed at a more than five-year high on Thursday, recording gains for an eighth straight session, driven by a rally in consumer staples.

* The CSE All Share Index ended up 0.87% at 7,097.84, its highest closing level since October 2015.

* The index gained 10.5% in 2020, its best performance since 2014.

* Trading volume on the index rose to 1 billion on Thursday from 760.1 million in the previous session.

* Browns Investments Plc and Lanka ORIX Leasing Company PLC were top gainers on the index, closing 19.3% and 7.7% higher.

* Foreign investors were net sellers, offloading 374.7 million Sri Lankan rupees ($2.00 million) worth of shares, according to exchange data.

* The Sri Lankan rupee was last quoted at 187 against the U.S. dollar as of 1143 GMT, according to Refinitiv data.

* Equity market turnover was about 9.1 billion rupees, exchange data showed.

* For a report on global markets, click

* For a report on major currencies, click ($1 = 187.0000 Sri Lankan rupees) (Reporting by Nallur Sethuraman in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BROWNS INVESTMENTS PLC 6.35% 6.7 End-of-day quote.55.81%
LOLC HOLDINGS PLC 1.83% 473.75 End-of-day quote.250.93%
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