Sri Lankan shares snap six-session winning streak as financials drag

Sri Lankan shares closed lower on Wednesday, snapping a six-session winning streak, as losses in financial and industrial stocks weighed on sentiment.

The CSE All-Share index settled 0.41% lower at 22,032.93 points.

Hatton National Bank and Overseas Realty (Ceylon) were among the biggest drags on the index, down 1.2% and 2.8%, respectively, on the day.

Trading volume on the index fell to 171.8 million shares from 249.3 million shares in the previous session.

The equity market’s turnover dropped to 4.82 billion Sri Lankan rupees ($14.51 million) from 7.91 billion rupees in the previous session, according to exchange data.

Foreign investors were net buyers, purchasing stocks worth 168.9 million rupees, while domestic investors were net sellers, offloading shares worth 4.69 billion rupees, the data showed.