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REUTERS/Peter Nicholls/File photoLondon's FTSE 100 equity index edged higher on Tuesday, lifted by gains in consumer staples and industrial stocks, although a delay in lifting of remaining COVID-19 restrictions in England curbed sentiment across the overall market. The blue-chip index (.FTSE) rose 0.3%, with large dollar earning companies including Diageo (DGE.L), Unilever (ULVR.L) and British American Tobacco (BATS.L) providing the biggest boost. Industrials (.FTNMX502050), aero and defence (.FTNMX502010) stocks also climbed, with aero-engine maker Rolls Royce (RR.L) among the biggest gainers with a 2.2% rise. The domestically focused mid-cap FTSE 250 index (.FTMC) advanced 0.3%. Prime Minister Boris Johnson pushed back plans of lifting most remaining COVID-19 restrictions to July 19, citing the rapid spread of the more infectious Delta variant.
Persons: Peter Nicholls, Royce, Boris Johnson, payrolls, Laith Khalaf, AJ Bell, Khalaf Organizations: London Stock Exchange, REUTERS, Diageo, Unilever, British American Tobacco, Communications, Standard Finance, Thomson Locations: London, Britain, England
LONDON (Reuters) - Legal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG. FILE PHOTO: A leaf sits on top of a pile of coal in Youngstown, Ohio, U.S., September 30, 2020. They join nine other companies previously excluded for similar failings by LGIM, which manages 1.2 trillion pounds ($1.7 trillion) in assets, including U.S. oil major Exxon Mobil and Korea Electric Power Corporation. The exclusions follow a commitment by LGIM in October to expand the number of companies it engages with over climate change to 1,000 from 100. As global policymakers gear up for the latest round of climate talks in Glasgow later this year, LGIM Chief Executive Michelle Scrimgeour said asset managers also needed to step up.
Persons: Shannon Stapleton, LGIM, “ We’ve, , Yasmine Svan, Michelle Scrimgeour Organizations: General Investment Management, AIG, REUTERS, Industrial, Commercial Bank of China, PPL Corporation, China, Dairy, Exxon Mobil, Korea Electric Power Corporation, LGIM Locations: U.S, Youngstown , Ohio, LGIM, Glasgow
A leaf sits on top of a pile of coal in Youngstown, Ohio, U.S., September 30, 2020. REUTERS/Shannon Stapleton/File PhotoLegal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG (AIG.N). The exclusions follow a commitment by LGIM in October to expand the number of companies it engages with over climate change to 1,000 from 100. During the current season for annual general meetings, LGIM said 130 companies would face votes against for not meeting its minimum climate change standards, mostly in the banking, insurance, real estate, tech and telecoms sectors. As global policymakers gear up for the latest round of climate talks in Glasgow later this year, LGIM Chief Executive Michelle Scrimgeour said asset managers also needed to step up.
Persons: Shannon Stapleton, LGIM, We've, Yasmine Svan, Michelle Scrimgeour Organizations: REUTERS, General Investment Management, AIG, Industrial, Commercial Bank of China, PPL Corporation, China, HK, Exxon Mobil, Korea Electric Power Corporation, LGIM, Thomson Locations: Youngstown , Ohio, U.S, LGIM, Glasgow
Investors should stay away from industrial supplier Fastenal while the company does an internal makeover, according to Morgan Stanley. The company is altering its sales strategy, according to the investment firm, and its May sales results were down year over year. Its stock has gained 8% since the start of 2021. Analyst Joshua Pokrzywinski downgraded the stock to underweight from equal weight, saying in a note to clients that the stock had limited upside due to a high valuation and execution risk as it continues the transition.
Persons: Morgan Stanley, Joshua Pokrzywinski
Bitcoin-focused investors are losing out on the potential of other assets like oil, Rich Bernstein said. People don't care even though oil is riding high in a bull market, he said. Investment adviser Rich Bernstein said in a CNBC interview Monday that bitcoin is a bubble, and crypto mania is making investors ignore other asset classes that have more potential. And oil has been in a bull market , and it's basically, you never hear anything about it. "We've got this major bull market going on in commodities, and all people are saying is that it doesn't matter," he said.
Persons: Rich Bernstein, Bitcoin, Brent, Bernstein, Richard Bernstein, CNBC's, it's, We've, Goldman Sachs, bitcoin's, industrials, Read Organizations: Bell, Investment, CNBC, Richard Bernstein Advisors, West Texas, Wall, titans
CANADA STOCKS-TSX dips as losses in miners, dismal manufacturing data weigh
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Updates prices, sectors)June 14 (Reuters) - Canada’s main stock index edged lower on Monday, as losses in mining stocks and dismal domestic manufacturing data overshadowed gains in energy stocks. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.7% as gold futures fell 1.6% to $1,848.2 an ounce. * The energy sector climbed 1.4% as U.S. crude prices were up 1% a barrel, while Brent crude rose 0.9%. * On the TSX, 120 issues were higher, while 107 issues declined for a 1.12-to-1 ratio favouring gainers, with a trading volume of 22.35 million shares. * Across all Canadian issues, there were 95 new 52-week highs and four new lows, with total volume of 43.57 million shares.
Persons: Brent, industrials, Amal S, Rashmi Aich Organizations: Statistics, Toronto Stock, TSX, Inc, Kinaxis Inc, Nexgen Energy Ltd, Cameco Corp, Natural Resources, Mining Locations: Statistics Canada, Bengaluru
Sri Lankan shares down as industrial, financial firms drag
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
June 14 (Reuters) - Sri Lankan shares snapped a three-day winning streak to close lower on Monday, hit by losses in industrial and financial firms. Despite the session’s losses, the index is up 11.9% for the year. * Sri Lanka has reported 223,638 total confirmed coronavirus cases as of Monday, and 2,136 deaths, according to health ministry data here. * The island nation lifted travel restrictions on Monday, but has fully vaccinated only 2.34% of the country's population so far, Johns Hopkins data here showed. * Foreign investors were net sellers in the equity market, offloading shares worth 102.6 million rupees, exchange data showed.
Persons: Johns Organizations: Ceylon Tobacco Company Plc, LOLC Holdings, Equity Locations: Sri, Sri Lanka, Johns Hopkins
G-7 nations agree to boost climate finance, details missing
  + stars: | 2021-06-13 | by ( ) www.cnbc.com sentiment -0.98   time to read: +2 min
Alongside plans billed as helping speed infrastructure funding in developing countries and a shift to renewable and sustainable technology, the world's seven largest advanced economies again pledged to meet the climate finance target. A spokesman for British Prime Minister Boris Johnson said individual nations were expected to set out the size of the increases "in due course." There was a clear push by leaders at the G-7 summit in southwestern England try to counter China's increasing influence in the world, particularly among developing nations. "As democratic nations, we have a responsibility to help developing countries reap the benefits of clean growth through a fair and transparent system. The G-7 has an unprecedented opportunity to drive a global Green Industrial Revolution, with the potential to transform the way we live."
Persons: Angela Merkel, Ursula von der Leyen, Emmanuel Macron, Yoshihide Suga, Queen Elizabeth II, Justin Trudeau, Boris Johnson, Mario Draghi, Charles Michel, Joe Biden, Japan —, Johnson Organizations: Canadian, British, European, United, The, Reuters, Industrial Locations: Italian, The Eden, St Austell , Cornwall, England, United States, Britain, Canada, France, Germany, Italy, Japan
G7 leaders commit to increasing climate finance contributions
  + stars: | 2021-06-12 | by ( ) www.reuters.com + 0.00   time to read: +3 min
Leon Neal/Pool via REUTERSG7 leaders will commit on Sunday to increase their climate finance contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming. "Protecting our planet is the most important thing we as leaders can do for our people," Johnson said in a statement. The G7 has an unprecedented opportunity to drive a global Green Industrial Revolution, with the potential to transform the way we live." That target was not met, derailed in part by the coronavirus pandemic which forced the British government to postpone the United Nations' Climate Change Conference (COP26) until this year. G7 leaders are also expected to set out action to cut carbon emissions, including measures such as ending almost all direct government support for the fossil fuel energy sector overseas and phasing out petrol and diesel cars.
Persons: Boris Johnson, Joe Biden, Emmanuel Macron, Justin Trudeau, Scott Morrison, Angela Merkel, Cyril Ramaphosa, Moon Jae, Leon Neal, Johnson, David Attenborough, Attenborough, John Sauven Organizations: British, Canadian, Australia's, REUTERS, Greenpeace, Industrial, United Nations, United, COP26, Greenpeace UK's, Thomson Locations: U.S, German, Carbis Bay, Cornwall, Britain, United Nations, British
S&P 500 Pares Gains, Aims for Fresh Record
  + stars: | 2021-06-11 | by ( Caitlin Ostroff | ) www.wsj.com sentiment -1.00   time to read: +1 min
The S&P 500 hugged the flatline Friday but remained on track to notch its third consecutive week of gains. The broad stock-market gauge pared its early advance and slipped less than 0.1% in recent trading, a day after closing at a high. The S&P 500 and Nasdaq are on course for modest weekly gains, while the Dow is poised for a slight loss. The Cboe Volatility Index fell to 15.51 in recent trading, on track to close below 16 for the first time since February 2020, before the coronavirus pandemic rattled markets. Money managers are also weighing whether the rise in inflation is likely to be transitory.
Persons: Biden Organizations: Dow Jones Industrial, Nasdaq, Dow
Malaysia's April industrial output rises 50.1%, fastest in over decade
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.98   time to read: +1 min
REUTERS/Lim Huey TengMalaysia's industrial production rose by a record 50.1% in April from a year ago, marking the highest rate in more than a decade, on stronger demand across all sectors, government data showed on Friday. The production index measures factory output in manufacturing, mining and electricity generation. The previous record for industrial production was a 20.2% spike in March 2009. Manufacturing output rose 68% year-on-year in April, driven by demand for transport equipment and other manufactures, and non-metallic mineral products and basic metal and fabricated metal products, the department said. Electricity output rose 14.3%, while mining rose for the first time since February last year by 22.9%, according to the data.
Persons: Lim Huey Teng Organizations: REUTERS, Statistics Department, Thomson Locations: Shah Alam, Malaysia
BlackRock Gets Green Light to Start Offering Mutual Funds in China
  + stars: | 2021-06-11 | by ( Quentin Webb | ) www.wsj.com + 0.00   time to read: +2 min
BlackRock, the world’s largest money manager with $9 trillion in assets under management as of end-March, has made expansion in China a priority. It secured a nod from the China Securities Regulatory Commission last August to establish the mutual-fund business, which is now permitted to begin selling funds. “We look forward to sharing our global investment expertise and offering more differentiated investment solutions to Chinese investors,” BlackRock Chairman and Chief Executive Larry Fink said in a statement Friday. BlackRock’s Shanghai-based unit, BlackRock Fund Management Co., now has six months to launch its maiden fund for individual investors, a spokeswoman said. This and future funds are likely to be sold through traditional mutual-fund distribution channels in China, which include banks and brokerages, she added.
Persons: Larry Fink, Rachel Lord, BlackRock’s, , , Goldman Sachs, Dawn Lim, Quentin Webb Organizations: BlackRock Inc, New, JPMorgan Chase &, Goldman Sachs, Inc, BlackRock, China Securities Regulatory, ” BlackRock, Fidelity International, JPMorgan, BlackRock’s, BlackRock Fund Management Co, Asia, China Construction Bank, Temasek . Wealth, Industrial, Commercial Bank of China Ltd Locations: New York, China, Washington, Beijing, U.S, BlackRock’s Shanghai, BlackRock, Asia Pacific, Singapore
Willie Hudspeth protested the Confederate monument in his Texas town, almost every Sunday, for 21 years. For over a century – until last June 25 – there was also a Confederate monument: A 20-foot statue of a uniformed soldier over the words, "Our Confederate Soldiers." The Denton Confederate monument went up toward the end of this era, in 1918, but with one distinction—the fountains on either side of the arch. And so, on one Sunday in 1999, he held his first protest at the foot of the Confederate monument. McAdams, the retired councilwoman, is pushing for a memorial to honor victims of lynchings in Denton County to be installed there too.
Persons: Willie Hudspeth, , George Floyd –, George Floyd, Hudspeth –, NAACP –, Hudspeth, Hudspeth's, Denton, Jim Crow ramped, Mary Horn, Andy LaViolette, Katina Stone, Butler, Willie, Quakertown, Denton —, Solomon Hill, Linnie M, McAdams, Stone, jean, Jim Crow, Shaun Treat, doesn't, Judge Andy Eads, Eads, Breonna Taylor, Ahmaud Arbery, George Floyd ., Darius Tarver, Lermont Stowers Jones, Gerard Hudspeth Organizations: Confederate, NAACP, Ku Klux Klan, Republican, Reconstruction, Confederacy, UNT College Democrats, Northern Aggression, Court, City, Historical Commission, Texas Historical Commission, Commissioner's, of Industrial Arts, Denton Civic, of Jazz, Fort, White People, Museum, Texas Observer, Confederate Memorial Advisory Committee, Black Mayor, Denton Locations: Texas, Denton , Texas, Denton, Vietnam, Denton's, Denton County, Black, Northern, Quakertown, Solomon, Tulsa, Dallas, Fort Worth, John's, Charlottesville, Alton
Baycrest's Jonathan Krinsky says sell the industrials
  + stars: | 2021-06-11 | by ( ) www.cnbc.com sentiment -0.92   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaycrest's Jonathan Krinsky says sell the industrialsJonathan Krinsky, Baycrest Partners, discusses his call on the industrial sector and Tom Lee's call to upgrade F.A.A.N.G. With Fundstrat's Tom Lee and the 'Halftime Report' traders, Shannon Saccocia, Steve Weiss, Jim Lebenthal, and Degas Wright.
Persons: Jonathan Krinsky, Tom Lee's, Tom Lee, Shannon Saccocia, Steve Weiss, Jim Lebenthal, Degas Wright Organizations: Baycrest Partners
Baycrest's Krinsky says sell the industrials
  + stars: | 2021-06-11 | by ( ) www.cnbc.com sentiment -0.87   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaycrest's Krinsky says sell the industrialsJonathan Krinsky, Baycrest Partners, discusses Tom Lee's call on tech stocks as well as his own call for investors to sell the industrials. With Fundstrat's Tome Lee, CNBC's Scott Wapner and the 'Halftime Report' traders, Shannon Saccocia, Steve Weiss, Jim Lebenthal, and Degas Wright.
Persons: Jonathan Krinsky, Tom Lee's, Fundstrat's Tome Lee, CNBC's Scott Wapner, Shannon Saccocia, Steve Weiss, Jim Lebenthal, Degas Wright Organizations: Baycrest Partners
U.S. tire maker Goodyear loses dispute against foreign workers in Malaysia
  + stars: | 2021-06-10 | by ( Mei Mei Chu | ) www.reuters.com sentiment -1.00   time to read: +2 min
A logo of Goodyear is pictured at it's factory in Shah Alam, Malaysia May 6, 2021. Goodyear Malaysia argued that the migrant workers did not have legal standing to file the complaint as they were not union members, according to the court documents. "This is just the tip of the iceberg albeit a significant milestone in the treatment of migrant workers in this company," said the workers' lawyer Chandra Segaran Rajandran. The court has already ruled in favor of the foreign workers in two of the cases last year. Goodyear is also facing accusations of unlawful overtime, wrongful salary deduction, denying workers full access to their passports, and threats to migrant workers, Reuters has reported.
Persons: Lim Huey Teng, Goodyear, Rasidah Chik, Rasidah, Chandra Segaran Rajandran Organizations: Goodyear, REUTERS, Goodyear Tire &, Goodyear Malaysia, Industrial, Court, Reuters, Thomson Locations: Shah Alam, Malaysia, Malaysian, Goodyear Malaysia, Nepal, Myanmar, India
REUTERS/Carlos Garcia RawlinsChina's new bank loans unexpectedly rose in May from the previous month but broader credit growth continued to slow, as the central bank seeks to contain rising debt in the world's second-largest economy. Loans to households surged to 623.2 billion yuan in May from 528.3 billion yuan in April, while corporate loans rose to 805.7 billion yuan last month from April's 755.2 billion yuan. As expected, growth in outstanding yuan loans eased to 12.2% year-on-year, the slowest pace since February 2020, and compared with 12.3% in April. "The slowdown in credit growth is happening even faster than we had been anticipating a couple of months ago," Julian Evans-Pritchard at Capital Economics said in a note. TSF rose to 1.92 trillion yuan in May from 1.85 trillion yuan in April, but missed expectations.
Persons: Carlos Garcia Rawlins, Luo Yunong, Yi Gang, Julian Evans, Pritchard Organizations: People's Bank of China, REUTERS, Industrial Securities, Capital Economics, Reuters, Thomson Locations: China, Beijing
Footage released earlier this year offered more hints about China's new Xian H-20 stealth bomber. Earlier this year, the Chinese People's Liberation Army Air Force (PLAAF) shared video footage that may have included some "teaser" footage of its still-to-be officially unveiled Xian H-20 stealth bomber. The four computer-generated images seemed to show key features of the Xian H-20 including a weapon bay, two adjustable tail wings, an airborne radar at the front and two stealth air intakes on each side. What we knowA B-2 stealth bomber refueling. In the simulated video, a PLAAF H-6 bomber was seen, but perhaps future simulated attack videos could include the H-20.
Persons: Xian, Jordan Castelan, XAC, Jon Grevatt, John Foster Dulles, Peter Suciu Organizations: People's Liberation Army Air Force, US Air, China North Industries, China Morning Post, Aviation Industry Corporation of China, Xian Aircraft Industrial Corporation, Staff, US Air Force, Janes, South China, Weibo, Andersen Air Force Base, Amazon.com Locations: China, Asia, Pacific, American, Japan, Guam, Philippines, United States, Hawaii, California, Paris, Spanish, Michigan
Stock futures flat after S&P 500 hits new high, despite rising inflation
  + stars: | 2021-06-10 | by ( Tanaya Macheel | ) www.cnbc.com sentiment -1.00   time to read: +1 min
U.S. stock futures were flat Thursday night after the S&P 500 hit a new high during regular trading, despite hotter-than-expected inflation data. Futures tied to the Dow Jones Industrial Average and the S&P 500 were close to flat at the start of the overnight session. Nasdaq futures rose 0.1%. During the regular session, the Dow Jones Industrial Average rose 19 points, or 0.06% to 34,466.24. The S&P 500 ended the day up 0.47% at 4,239.18.
Persons: Jason Pride Organizations: Dow Jones Industrial, Dow Jones, Nasdaq, Labor Department
Consumer prices in May rose at the fastest year-over-year rate since 2008, the Labor Department said Thursday, but U.S. stocks aren't feeling the heat. "When ... you really understand the variables in play, ultimately, it's not all that concerning." But while short-term inflation concerns seem overblown to Tatro, there are longer-term catalysts at play, he said. "Longer term, the inflationary concerns are real and ultimately portfolios should be positioned accordingly." The technicals appeared to support that thesis, Matt Maley, chief market strategist at Miller Tabak, said in the same "Trading Nation" interview.
Persons: Joule, Quint Tatro, CNBC's, Tatro, it's, May's, Matt Maley, Miller Tabak, Maley Organizations: Labor Department, Dow Jones Industrial, Nasdaq Locations: U.S
FILE PHOTO: A branch of Yingkou Coastal Bank is seen after working hours in Yingkou, Liaoning province, China November 7, 2019. REUTERS/Cheng LengThe goal for such plans, which are commonly known as “living wills” for financial institutions in some developed economies, is to make sure China’s financial institutions don’t end up needing costly bailouts in the wake of risk events without contingency plans, and to maintain financial stability, the watchdog said. Insurers with no less than 200 billion yuan of total on-book assets at home and abroad should also prepare such plans, it added. The regulator added that eligible financial institutions should first make use of their own assets and ask for help from their own shareholders before turning to the government for support when running into trouble. In early stage trials, the CBIRC has already asked the country’s largest state banks including the Industrial and Commercial Bank of China , Bank of China, Agricultural Bank of China, and China Construction Bank to set up such plans.
Persons: Cheng Leng, Organizations: REUTERS, China’s Banking, Insurance, Commission, Industrial, Commercial Bank of China, Bank of China, Agricultural Bank of China, China Construction Bank, Ping An Insurance Locations: BEIJING, Yingkou, Liaoning province, China, Banks
U.S. Stock Futures Edge Higher
  + stars: | 2021-06-09 | by ( ) www.wsj.com sentiment -1.00   time to read: 1 min
U.S. stock futures edged up, suggesting another day of muted moves for major indexes after the opening bell. S&P 500 futures added 0.1% and futures tied to the Dow Jones Industrial Average traded flat. Changes in futures don’t necessarily predict market moves after the markets open. The U.K.’s FTSE 100, which is dominated by large international businesses, was down 0.3%. Other stock in Europe were mixed as France’s CAC 40 added 0.1% and Germany’s DAX was broadly flat, whereas the U.K.’s FTSE 250 lost 0.1%.
Persons: Germany’s DAX Organizations: Dow Jones Industrial, Nasdaq, , CAC Locations: Europe
China’s Evergrande headache turns into a migraine
  + stars: | 2021-06-09 | by ( Yawen Chen | ) www.reuters.com + 0.00   time to read: +3 min
A visitor looks at a model of a new apartment complex at a showroom of Evergrande Real Estate Group in Wuhan, Hubei province, November 9, 2013. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - S1AETZIGQLAADeleveraging Evergrande (3333.HK) is turning into a real migraine. In focus is troubled Shengjing Bank (2066.HK), but larger institutions are involved too. A $1.3 billion Evergrande bond maturing in June 2023 now yields nearly 20%. - China Evergrande announced on June 7 that it bought back 29.1 million shares worth a total of HK$336 million ($43 million), according to a Hong Kong Stock Exchange filing.
Persons: Stringer, Evergrande, Hui Ka, Huarong, China Evergrande Organizations: Evergrande Real, Group, REUTERS, Bloomberg, Shengjing Bank, HK, Baoshang Bank, Commercial Bank of China, Financial, Industrial & Commercial Bank of, Hong Kong Stock Exchange Locations: Evergrande, Wuhan, Hubei province, CHINA, HK, Industrial & Commercial Bank of China, China
Boris Johnson has flown around 400 kilometres to Cornwall from London for the G7 summit, where he will discuss "tackling climate change" with world leaders. A planespotter saw an identical jet to one used by the Prime Minister making a test flight to Newquay Airport from London. Boris Johnson flew to the G7 Summit in Cornwall by jet on Wednesday, creating greenhouse gas emissions over five times greater than the equivalent train journey, according to the government's own emission figures. "The Prime Minister should not have flown to Cornwall when he could have taken the train," Pollard said. Later this year, the UK will be hosting the COP26 Climate Summit in Glasgow, Scotland.
Persons: Boris Johnson, Robert Jenrick, Rural Affairs Luke Pollard, Pollard, Jack, Johnson, Organizations: Newquay Airport, BBC's, UK government's Department of Business, Energy, Industrial, Labour Party's, Environment, Food, Rural Affairs, West Country, White House, Airbus, Titan Airways, Stansted, Labour Party, Government, RAF Voyager, RAF Locations: Cornwall, London, Newquay, England, Stansted, Paddington, West, Newquay , Cornwall, Washington, Kingdom, Teesside, Kabul, Glasgow, Scotland
Sri Lankan shares weighed by financial, industrial stocks
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
June 8 (Reuters) - Sri Lankan shares closed lower on Tuesday, dragged down by losses in financial and industrial stocks, as coronavirus cases rose in the island nation. * Sri Lanka reported 2,646 confirmed coronavirus cases on Tuesday, taking the total to 207,979, according to health ministry data here. * Commercial Bank of Ceylon Plc and investment company Browns Investments Plc were the top drags to the index, falling 1.6% and 1.5%, respectively. * Trading volume fell to 97.9 million from 114.9 million in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth 70.9 million rupees ($359,898.48), according to exchange data.
Organizations: Commercial Bank of Ceylon Plc, Browns Investments Plc, Sri, U.S, Equity Locations: Sri, Sri Lanka
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