Sri Lankan shares end lower as financial, industrial stocks drag
- CSE All-Share index dropped 0.55% to 23,681.68
Sri Lankan shares closed lower on Monday, dragged by financial and industrial stocks.
The CSE All-Share index dropped 0.55% to 23,681.68, down for a third-consecutive session. The index declined 0.4% last week and snapped a four-week winning run.
Conglomerate ACME Printing and Packaging Plc and Softlogic Holdings Plc were the biggest drags on the CSE All-Share index, falling 10.9% and 8%, respectively.
Trading volume fell to 153.6 million shares from 211.6 million in the previous session.
The equity market’s turnover dropped to 5.16 billion Sri Lankan rupees ($16.7 million), compared with 9.19 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers of shares worth 453.1 million rupees in the equity market, while domestic investors were net buyers of shares worth 5.08 billion rupees, data showed.
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