Sri Lanka shares close at 6-month high; rupee weaker
Sri Lankan shares hit their
highest close in six months on Monday, led by a rally in banks
and diversified stocks along with healthy purchases by domestic
investors. The rupee ended weaker due to importer dollar demand.
** The country’s benchmark stock index jumped for a fifth
straight session to end 2.08% up at 5,995.20, its highest close
since Jan. 29.
** Analysts said lower interest rates boosted local investor
sentiment.
highest close in six months on Monday, led by a rally in banks
and diversified stocks along with healthy purchases by domestic
investors. The rupee ended weaker due to importer dollar demand.
** The country’s benchmark stock index jumped for a fifth
straight session to end 2.08% up at 5,995.20, its highest close
since Jan. 29.
** Analysts said lower interest rates boosted local investor
sentiment.
Posted by Reuters