2024-01-22 12:07:21
Sri Lankan stocks fell for the tenth consecutive session on Monday, penalized by losses in industrial and financial stocks.
* The CSE All Share index fell 0.59% to 10,371.69.
* Sri Lanka’s consumer price inflation rate jumped to 4.2% year-on-year in December, driven by rising food prices, official data showed on Monday, although it remains well below record levels seen at the height of the country’s financial crisis.
* Expolanka Holdings PLC and John Keells Holdings PLC were the biggest losers in the index, losing 1.3% and 1.2%, respectively.
* Trading volume on the index increased to 54.60 million shares from 22.40 million in the previous session.
* Equity market turnover rose to 979 million Sri Lankan rupees ($3.06 million) from 518.70 million rupees in the previous session, according to bourse data.
* Foreign investors were net sellers, offloading shares worth Rs 56.40 million, while domestic investors were net buyers, purchasing shares worth Rs 962.50 million , according to the data.
*For report on global markets, click ($1 = 319.8000 Sri Lankan rupees) (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Vijay Kishore)
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