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Markets

Sri Lankan shares fall for third straight session

  • CSE All Share index settled 0.61% down at 21,133.41
Published Updated
Photo: Reuters
Photo: Reuters
By

Sri Lankan shares closed lower on Wednesday, hurt by broad-based losses led by materials stocks.

The CSE All Share index settled 0.61% down at 21,133.41, falling for the third straight session.

Industrial Asphalts and SMB Finance PLC were the top percentage losers on the CSE All Share index, falling 14.3% and 9%, respectively.

Trading volume on the CSE All Share index rose to 69.4 million shares from 55.8 million in the previous session.

The equity market’s turnover fell to 1.63 billion Sri Lankan rupees ($4.91 million) from 2.23 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 56.4 million rupees, while domestic investors were net buyers, purchasing shares worth 1.58 billion rupees, the data showed.

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