for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Sri Lankan shares end higher on boost from industrial, financial stocks

July 20 (Reuters) - Sri Lankan shares closed higher on Tuesday, boosted by gains in heavyweight industrial and financial stocks.

* The CSE All-Share index ended up 0.57% at 8,068.33. On Monday, the index had closed above the 8,000 level for the first time since Feb. 8.

* Conglomerates LOLC Holdings and Expolanka Holdings Plc were the top boosts to the index, gaining 3% and 2.7%, respectively.

* A total of 1,487 coronavirus cases were reported in the last 24 hours, bringing the island nation's total confirmed cases to 286,419, while deaths rose by 48 to reach a total of 3,827, according to the health ministry's data here.

* The country has fully vaccinated about 7.74% of its population so far, according to data here from Johns Hopkins.

* Ratings agency Moody’s on Monday said it had placed Sri Lanka’s “Caa1” rating under review for a downgrade, citing the risk of default due to falling foreign exchange reserves.

* Sri Lanka's finance ministry in a statement bit.ly/3Bk6qAR on Monday called Moody's announcement "ill-timed" and "ill-judged", and said the ratings agency's action "could create uncertainty among investors who have kept faith in Sri Lankan international sovereign bonds and other investments".

* Trading volume on the exchange fell to 310.2 million shares from 439 million shares in the previous session.

* Foreign investors were net sellers in the equity market, offloading shares worth 491.3 million rupees ($2.47 million), exchange data showed here.

* The equity market’s turnover was 4.89 billion rupees, according to exchange data.

* For a report on global markets, click

* For a report on major currencies, click ($1 = 199.0000 Sri Lankan rupees) (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Maju Samuel)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up