Canada markets close in 2 hours 27 minutes
  • S&P/TSX

    20,591.90
    +208.15 (+1.02%)
     
  • S&P 500

    4,064.12
    +85.39 (+2.15%)
     
  • DOW

    32,702.51
    +582.23 (+1.81%)
     
  • CAD/USD

    0.7825
    +0.0021 (+0.26%)
     
  • CRUDE OIL

    114.05
    +3.72 (+3.37%)
     
  • BTC-CAD

    37,738.84
    -332.76 (-0.87%)
     
  • CMC Crypto 200

    647.85
    -13.30 (-2.01%)
     
  • GOLD FUTURES

    1,846.50
    +0.20 (+0.01%)
     
  • RUSSELL 2000

    1,845.26
    +46.10 (+2.56%)
     
  • 10-Yr Bond

    2.7610
    +0.0120 (+0.44%)
     
  • NASDAQ

    11,759.94
    +325.20 (+2.84%)
     
  • VOLATILITY

    27.23
    -1.14 (-4.02%)
     
  • FTSE

    7,564.92
    +42.17 (+0.56%)
     
  • NIKKEI 225

    26,604.84
    -72.96 (-0.27%)
     
  • CAD/EUR

    0.7302
    0.0000 (0.00%)
     

Sri Lankan shares scale fresh peaks amid sovereign debt repayment

·2 min read

Jan 18 (Reuters) - Sri Lankan shares closed at an all-time high on Tuesday on the back of gains in energy and consumer stocks, as the country paid a $500 million international sovereign bond.

* At the closing bell, the CSE All-Share index was up 0.89% at 13,457.20. The index had gained as much as 1.91% in the session.

* Conglomerates Expolanka Holdings Plc and Vallibel One Plc were the top boosts to the index, closing 2.6% and 10.4% higher, respectively.

* Sri Lanka's central bank governor Ajith Nivard Cabraal said in a tweet that the country has paid a $500 million international sovereign bond that matured on Tuesday.

* The Indian High Commission in Colombo said India has offered a new $500 million credit line to Sri Lanka to fund its fuel purchases.

* Sri Lankan president Gotabaya Rajapaksa said the country would introduce new laws to attract investments over next 3 years while policies to develop exports, tourism and remittances will be fast-tracked.

* Rajapaksa also said a debilitating shortage of forex was inevitable in nation unless expenditure was managed well. In the rest of 2022, Sri Lanka needs to repay debt worth $4 billion, with the next tranche of a $1-billion international sovereign bond maturing in July.

* A Reuters poll of 13 economists has predicted that Sri Lanka's cenbank may raise interest rates at its first policy announcement due on Thursday.

* Foreign investors were net buyers in the equity market, purchasing shares worth 198.1 million rupees, exchange data https://bit.ly/3JYyn5s showed.

* The equity market's turnover was 7.11 billion rupees ($35.20 million).

* Trading volume inched up to 256.7 million shares, from 252.6 million shares in the previous session.

* For a report on global markets, click ($1 = 202.0000 Sri Lankan rupees) (Reporting by Shivani Singh in Bengaluru; Editing by Aditya Soni)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting