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Markets

Sri Lankan shares snap 5-session gaining streak as industrials, materials drag

  • The benchmark stock index ended 0.3% lower at 6,095.89.
  • Trading volume on the CSE All Share Index fell to 129.8 million from 225.2 million in the previous session.
Published November 10, 2020

Sri Lankan shares ended lower on Tuesday, snapping a five-session winning streak, as losses in industrials and materials overshadowed gains in financial stocks.

The benchmark stock index ended 0.3% lower at 6,095.89.

Conglomerate Expolanka Holdings was the biggest drag on the index, slipping 9.2%, while Commercial Bank of Ceylon was the top boost, rising 4.5%.

Refrigerator and washing machine manufacturer Regnis Lanka slipped 14.4% to end the day as the top percentage loser.

Trading volume on the CSE All Share Index fell to 129.8 million from 225.2 million in the previous session.

Foreign investors were net sellers in the equity market, offloading 272.3 million rupees ($1.48 million) worth of shares, according to exchange data.

Equity market turnover was 3.61 billion rupees, exchange data showed.

The Sri Lankan rupee was last quoted at 184.50 against the US dollar.

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