Sri Lankan shares slip as IT drags

COLOMBO: Sri Lankan shares closed lower on Friday on losses in IT shares, though the benchmark index logged its second consecutive weekly gain.

The CSE All Share index settled down 0.3% at 20,649.20, falling for the second straight session, but gained 2.1% during the week.

Abans Electricals PLC and ACL Plastics PLC were the top percentage losers on the CSE All Share index, falling 2.7% and 1.56%, respectively.

Trading volume on the CSE All Share index fell to 181.2 million shares from 378.3 million in the previous session.

The equity market’s turnover dropped to 5.09 billion Sri Lankan rupees ($16.87 million) from 10.53 billion rupees in the previous session, according to exchange data.