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By Reuters Staff
2 Min Read
April 16 (Reuters) - Sri Lankan shares snapped a nine-day winning streak to close lower on Friday, as financials heavily dragged along with a dip in the consumer staples sector. The CSE All-Share Index fell 0.57% to close at 7,600.57 points. The index is up over 12.2% for the year. Conglomerate Lanka ORIX Leasing Company Plc and investment company Browns Investments Plc were the top drags to the index, falling 2.7% and 3.1%, respectively. The Sri Lankan central bank on Thursday published manufacturing and services PMI data which indicated an expansion in business activities for both sectors in the month of March.
By Reuters Staff
2 Min Read
April 15 (Reuters) - Sri Lankan shares rose for a ninth straight session on Thursday, as financial and industrial stocks gained. The CSE All-Share Index rose 1.4% to close at 7,664.38 points after a two-day holiday. The index, up over 13.1% for the year, is set for its longest winning streak this year. Conglomerate Lanka ORIX Leasing Company Plc and investment company Browns Investments Plc were the top boosts to the index, gaining 7.1% and 4.8%, respectively. Sri Lanka’s government bonds jumped to their highest level since September on Monday, on reports that the government had sealed a long-awaited $500 million loan deal with the China Development Bank.