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Markets

Sri Lankan shares little changed; industrial stocks rise

  • CSE All-Share index rose 0.03% to 23,960.16
Published Updated
Colombo Stock Exchange logo board is seen at CSE premises in Colombo, Sri Lanka. Photo: Reuters
Colombo Stock Exchange logo board is seen at CSE premises in Colombo, Sri Lanka. Photo: Reuters
By

Sri Lankan shares closed little changed on Tuesday, with losses in utilities and materials stocks chipping into gains made by industrials and healthcare stocks.

The CSE All-Share index rose 0.03% to 23,960.16. On Monday, the index closed marginally lower to snap a four-session winning run.

Radiant Gems International Plc was the biggest drag on the CSE All-Share index, falling about 10.90%, while the biggest boost, Kerner Haus Global Solutions Plc, rose 25%.

Trading volume rose to 272.5 million shares from 195 million in the previous session.

The equity market’s turnover dropped to 5.21 billion Sri Lankan rupees ($16.8 million), compared with 5.5 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers of shares worth 192.6 million rupees in the equity market, while domestic investors were net buyers of shares worth 5.14 billion rupees, data showed.

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