Sri Lankan shares extend losing streak
- CSE All-Share index settled 2.49% lower at 20,418.09 points
Sri Lankan shares closed lower on Tuesday for the fifth straight session, dragged by broad-based losses as investors digest the updates from war in the Middle East.
The CSE All-Share index settled 2.49% lower at 20,418.09 points.
Sri Lanka’s cabinet approved an emergency purchase of 300,000 metric tons coal from an Indian company named Taranjot Resources Pvt Ltd, a cabinet statement said.
Kapruka Holdings PLC and Alpha Fire Services PLC were the top percentage losers on the index, down 15% and 14.37%, respectively, on the day.
Trading volume on the index fell to 273.8 million shares from 588 million shares in the previous session.
The equity market’s turnover dipped to 5.03 billion Sri Lankan rupees ($16.16 million) from 6.59 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 152.7 million rupees, while domestic investors were net buyers, purchasing shares worth 4.98 billion rupees, the data showed.
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