Oct 13 (Reuters) Sri Lankan shares slumped nearly 1.5% on Wednesday, weighed down by losses in heavyweight financial and industrial stocks, a day before the central bank’s monetary policy review decision on interest rates.
The CSE All-Share index ended 1.48% lower at 9,497.49.
Conglomerates LOLC Holdings and Expolanka Holdings were the top drags on the index, falling 2.5% and 1.6%, respectively.
Sri Lanka’s central bank will be holding its seventh monetary policy review of the year on Thursday. At its last review in August, the bank became the first in Asia to raise interest rates since the pandemic began.
The equity market's turnover was 3.39 billion rupees ($16.87 million), according to stock exchange data here.
Trading volume on the exchange rose to 146.8 million shares from 98.5 million shares in the previous session.
Foreign investors were net buyers in the equity market, purchasing shares worth 42.4 million rupees, as per exchange data.
The island-nation reported 671 new coronavirus cases in the last 24 hours, taking the total to 527,735, data from the country's health bureau showed here.
It reported 23 fatalities due to COVID-19 in the last 24 hours, bringing the death toll to 13,377, according to the data.
About 56.87% of the country's population is fully vaccinated so far, according to data from Johns Hopkins University here.