Reply To:
Name - Reply Comment
Last Updated : 2024-03-29 11:12:00
REUTERS: Sri Lankan stocks closed sharply lower yesterday, weighed by consumer discretionary and industrial stocks, as investors returned to stock markets this week after a long shutdown imposed to curb the spread of coronavirus infections.
The benchmark stock index closed down 3.3 percent at 4,247.95. Sri Lanka’s stock market reopened on Monday after a 52-day shutdown, but closed early as shares repeatedly hit the lower circuit.
The island nation, which is heavily dependent on tourism, has reported 856 confirmed cases of COVID-19 and nine deaths as of Monday.
Shares of conglomerate John Keells Holdings tumbled 14 percent, while Ceylon Tobacco slid 10 percent yesterday.
Trading volume on the CSE All Share Index was at 193.4 million, higher than Monday’s 4.41 million.
Foreign investors were net sellers in the equity market, off loading Rs.217.5 million (US$ 1.16 million) worth of shares, according to exchange data.
The Sri Lankan rupee was last quoted at 188 against the U.S. dollar as of 1019 GMT, according to Refinitiv data.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
Though the Government imposed VAT (Value Added Tax) on vegetables and other e
Saving energy has become more of a responsibility than a habit in today’s c
In the coming days, Muslims across the world will welcome the Holy Month of R
As of February 2024, Sri Lanka lost another 38 elephants as a result of the H
28 Mar 2024