Sri Lankan shares snap four-day losing streak as industrials, consumer staples gain
- The benchmark CSE All Share Index closed 0.16% higher at 5,329.33.
- Gains were capped by investment manager Browns Investments Plc, which shed 4.17%.
Sri Lankan shares snapped four straight sessions of losses and closed higher on Monday, lifted by gains in industrial and consumer staples stocks.
The benchmark CSE All Share Index closed 0.16% higher at 5,329.33.
The island nation's most valuable stock John Keells Holdings Plc rose 1.72%, while consumer goods-to-restaurants conglomerate Cargills (Ceylon) Plc gained about 4.6%, among the session's top boosts.
However, gains were capped by investment manager Browns Investments Plc, which shed 4.17%.
Trading volume on the CSE All Share Index fell to 70.1 million, from 40.8 million in the previous session.
Foreign investors were net sellers, offloading 587.9 million Sri Lankan rupees ($3.16 million) worth of shares.
Equity market turnover was 1.37 billion Sri Lankan rupees, exchange data showed.
The Sri Lankan rupee was last quoted at 185.80 against the dollar, according to Refinitiv data.
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