Sri Lanka shares rebound after two-day drop

Sri Lankan shares closed higher on Wednesday, recharting its course mid-week, after logging losses in the previous two sessions.

* The CSE All-Share index ASI settled up 0.54% to 19,825.25, led by materials and consumer discretionary sectors.

* Industrial Asphalts (Ceylon) ASPH.N0000 and Colombo Investment Trust CIT.N0000 were the top two percentage gainers on the CSE All-Share, rising 25% and 21.48%, respectively.

* Trading volume on the index rose to 162.5 million shares from 142.8 million in the previous session.

* The equity market's turnover climbed to 4.45 billion Sri Lankan rupees ($14.80 million) from 3.31 billion rupees in the previous session, according to exchange data.

* Foreign investors were net buyers, purchasing stocks worth 110.9 million rupees, while domestic investors were net sellers, offloading shares 4.35 billion rupees, the data showed.

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($1 = 300.7000 Sri Lankan rupees)