Sri Lankan shares edge lower as communication services, IT stocks weigh
- CSE All Share index settled down 0.24% at 21,262.13
Sri Lankan shares closed lower on Tuesday, as losses in communication services and IT stocks outweighed gains in utilities and energy.
The CSE All Share index settled down 0.24% at 21,262.13.
The island nation’s economy grew by 4.2% year-on-year from April to June, the statistics department said on Tuesday.
Tess Agro and Colombo Fort Land were the top percentage losers on the CSE All Share index, falling 5.3% and 5%, respectively.
Trading volume on the CSE All Share index fell to 55.8 million shares from 56.2 million in the previous session.
The equity market’s turnover rose to 2.23 billion Sri Lankan rupees ($6.76 million) from 1.55 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 112.4 million rupees, while domestic investors were net buyers, purchasing shares worth 2.18 billion rupees, the data showed.
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