Aug 20 (Reuters) – Sri Lankan shares rose for a third session on Thursday, helped by consumer staples and financial stocks, as the island nation’s central bank said it expected a faster economic recovery in the fourth quarter and kept interest rates unchanged.
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** The benchmark CSE All Share Index rose 0.17% to 5,360.28.
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** The Central bank of Sri Lanka kept benchmark interest rates unchanged on Thursday after an unusually large cut last month to mitigate the economic fallout from the coronavirus pandemic.
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** The bank “will continue to monitor domestic and global macroeconomic and financial market developments and take further measures to support the economy,” it said in a statement here
** Beer maker Lion Brewery (Ceylon) Plc and Ceylon Cold Stores Plc were the biggest boost to the index, climbing 11.5% and 3.7%, respectively.
** Equity market turnover was 2.04 billion Sri Lankan rupees ($11.07 million)
** Trading volume on the CSE All Share Index nearly halved from the previous session to 116.7 million
** Foreign investors were net sellers, offloading 294.9 million rupees worth of shares
** The Sri Lankan rupee was quoted at 184.35 against the dollar as of 1148 GMT, according to Refinitiv data
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** For a report on major currencies, click ($1 = 184.3500 Sri Lankan rupees) (Reporting by Derek Francis in Bengaluru; Editing by Vinay Dwivedi)