Sri Lankan shares end four-day slide, but log worst week in over two months
- CSE All Share index settled up 0.16% at 21,056.26
Sri Lankan shares closed higher on Friday, snapping a four-session losing streak, although they logged their worst weekly decline in over two months.
The CSE All Share index settled up 0.16% at 21,056.26, aided by gains in communication services stocks, but fell 1.6% over the week.
SMB Finance PLC and Industrial Asphalts (Ceylon) were the top percentage gainers on the CSE All Share index, rising 33.3% and 16.7%, respectively.
Trading volume on the CSE All Share index fell to 39.4 million shares from 55.4 million in the previous session.
The equity market’s turnover was little changed at 1.34 billion Sri Lankan rupees ($4.05 million) from 1.33 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 27.3 million rupees, while domestic investors were net buyers, purchasing shares worth 1.31 billion rupees, the data showed.
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