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Markets

Communications stocks drag down Sri Lankan shares

  • SE All-Share index fell 0.62% to 20,059.42 points
Published Updated
Photo: Reuters
Photo: Reuters
By

Sri Lankan shares closed lower on Monday, pressured by communications stocks.

The CSE All-Share index fell 0.62% to 20,059.42 points.

Dialog Axiata and Hatton National Bank were the biggest drags, slipping 2.3% and 0.8%, respectively.

Trading volume on the index slumped to 33.6 million shares from the previous session’s 68.4 million.

Turnover dipped to 680.3 million Sri Lankan rupees ($2.05 million) from 1.14 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 67.8 million rupees, while domestic investors were net buyers, purchasing shares worth 651.8 million rupees, the data showed.

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