Sri Lankan shares slide on broad-based sectoral losses

Sri Lankan shares closed lower on Monday, weighed down by losses in health care, industrials, energy sectors.

The CSE All Share index settled down 0.21% at 22,265.04.

Renuka Agri Foods PLC and Renuka Foods PLC were the top percentage losers on the index, falling 8.4% and 7.7%, respectively.

Trading volume on the CSE All Share index fell to 71 million shares from 516 million in the previous session, according to exchange data.

The equity market’s turnover fell to 1.67 billion Sri Lankan rupees ($5.1 million) from 7.38 billion rupees in the previous session.

Foreign investors were net sellers, offloading stocks worth 37.4 million rupees, while domestic investors were net buyers, purchasing shares worth 1.64 billion rupees, the data showed.