Sri Lanka stocks hit near 3-month high as foreign inflows surge; rupee slips

Sri Lankan shares gained for
the fifth straight session on Monday to hit a nearly three-month
closing high, as foreign fund inflows hit a more than seven-year
high due to a block deal, while the rupee ended marginally
lower.
** Foreign inflows hit their highest in more than seven years,
after Singapore-registered LOLC Pvt Ltd bought shares of LOLC
Finance Plc, accounting for 90% of the day’s turnover.
Shares in LOLC Finance Plc, however, ended 2.63% down.