COLOMBO: Sri Lankan shares closed lower for the first session in six on Monday, ahead of the release of third-quarter GDP data that showed the country’s economy grew 5.4 percent.
The CSE All Share index settled down 0.95 percent at 22,294.77. IT stocks, with a 3.5 percent decline, led losses among subsectors.
Colombo Dockyard and SMB Finance were the top two percentage losers on the CSE All Share, falling 15.4 percent and 12.5 percent, respectively.
The island nation’s economy grew 5.4 percent year-on-year in the three months ended September, official data showed after markets closed at 2:30 pm local time.
Trading volume on the CSE All Share index rose to 81.3 million shares from 76.8 million in the previous session. The equity market’s turnover fell to 2.23 billion Sri Lankan rupees (USD7.2 million) from 3.03 billion rupees in the previous session, according to exchange data.
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