Sri Lankan shares close lower on broad-based losses
- CSE All Share index settled down 0.40% at 21,461.47
Sri Lankan shares closed lower on Wednesday, resuming their recent decline after a brief rebound in the previous session, hurt by losses across sectors.
The CSE All Share index settled down 0.40% at 21,461.47, giving up part of the previous session’s gains and leaving it down 3.9% over the past eight trading days.
Paragon Ceylon PLC and Agstar PLC were the top percentage losers on the CSE All Share index, falling 10.5% and 8.9%, respectively.
Trading volume on the CSE All Share index fell to 69.2 million shares from 73 million in the previous session.
The equity market’s turnover fell to 1.67 billion Sri Lankan rupees ($5.06 million) from 2.16 billion rupees in the previous session, according to exchange data.
Foreign investors were net buyers, purchasing stocks worth 90.6 million rupees, while domestic investors were net sellers, offloading shares worth 1.63 billion rupees, the data showed.