Sri Lankan shares end lower, post best quarter in 6 years
- The benchmark CSE All Share Index closed down about 0.1% at 5,149.57.
- Industrial conglomerate John Keells Holdings Plc and mobile service operator Dialog Axiata PLC were the biggest drags, falling 1.6% and 2.5%, respectively.
Sri Lankan shares ended lower for the second straight session on Tuesday, with industrial and telecom stocks losing the most, even as they posted their best quarter since 2014.
The benchmark CSE All Share Index closed down about 0.1% at 5,149.57.
The index closed the quarter up 12.6%, its best performance since the September quarter of 2014, after hitting a decade low on May 12.
Industrial conglomerate John Keells Holdings Plc and mobile service operator Dialog Axiata PLC were the biggest drags, falling 1.6% and 2.5%, respectively.
However, Ceylinco Insurance limited losses by adding 16.7%.
Foreign investors were net sellers, offloading 949.9 million rupees ($5.10 million) worth of shares, according to exchange data.
Trading volume rose to 42.6 million from 34.4 million in the previous session, while equity market turnover was 2.30 billion rupees.
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