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COLOMBO: Sri Lankan shares closed lower on Thursday, with financials and communications services leading broad-based losses.

The CSE All Share index settled down 0.8 percent at 23,461.46, snapping seven-straight sessions of gains.

Mercantile Investments & Finance PLC and Senkadagala Finance PLC were the top losers on the CSE All Share index, falling 8 percent each.

Trading volume on the CSE All Share index fell to 167.8 million shares from 190.4 million in the previous session.

The equity market’s turnover fell to 6.42 billion Sri Lankan rupees (USD21.21 million) from 7.24 billion rupees in the previous session, according to exchange data.

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