Sri Lankan shares end three-day losing streak on gains in consumer staples, industrials

BENGALURU: Sri Lankan shares closed higher on Thursday, snapping three straight sessions of losses, helped by gains in consumer staples and industrial stocks.

The CSE All Share index settled 0.4% higher at 12,396.90.

Lion Brewery (Ceylon) and C T Holdings were the top gainers on the index, up 6.6% and 10.6%, respectively.

Sri Lanka presidential elections will be held between Sept. 17 and Oct. 16, the island nation’s Election Commission said on Thursday.

Trading volume on the CSE All Share index grew to 140.5 million shares from 124.3 million shares in the previous session.

Sri Lankan shares end lower as financials, communication services stocks drag

The equity market’s turnover rose to 2.78 billion Sri Lankan rupees ($9.3 million) from 2.25 billion rupees in the previous session, according to exchange data.

Foreign investors were net buyers, purchasing stocks worth around 689.9 million rupees, while domestic investors were net sellers, offloading shares worth 2.46 billion rupees, the data showed.