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Sri Lankan shares rise for eighth week as consumer staples stocks gain

12/24/2020 | 06:14am EST

Dec 24 (Reuters) - Sri Lankan shares closed higher on Thursday, rising for an eighth straight week, in a broad rally led by consumer staples stocks.

* The benchmark stock index ended up 0.9% at 6,685.64. It is up 9.1% so far this year.

* Trading volume on the CSE All Share Index was 67.82 million compared to 94.03 million a day earlier.

* Ceylon Tobacco Company Plc and Nestle Lanka Plc were the biggest boosts to the index, ending up 2.8% and 4.1%, respectively.

* Foreign investors were net sellers in the equity market, offloading 80.51 million rupees ($424,630.80) worth of shares, according to exchange data.

* The Sri Lankan rupee was quoted at 189.4 against the U.S. dollar as of 10:45 GMT, 0.32% stronger for the day compared to last session's close of 190, according to Refinitiv data. The currency is down 4.47% so far this year.

* Equity market turnover was 2.75 billion Sri Lankan rupees, data showed.

* For a report on global markets, click

* For a report on major currencies, click ($1 = 189.6000 Sri Lankan rupees) (Reporting by Vibhuti Sharma in Bengaluru; Editing by Vinay Dwivedi)

ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CEYLON TOBACCO COMPANY PLC 0.51% 895.5 End-of-day quote.-12.97%
NESTLÉ LANKA PLC -0.24% 1225.75 End-of-day quote.-3.86%
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