Real estate, consumer discretionary stocks drag Sri Lankan shares lower
- CSE All-Share index .CSE settled 0.21% lower at 22,208.58 points.
Sri Lankan shares closed lower on Wednesday, dragged by real estate and consumer discretionary stocks.
The CSE All-Share index .CSE settled 0.21% lower at 22,208.58 points.
Industrial Asphalts (Ceylon) and Hunter & Company were the top percentage losers on the index, falling16.67% and 6.6%, respectively, on the day.
Trading volume on the index fell to 48.4 million shares from 65.1 million shares in the previous session.
The equity market’s turnover dipped to 1.19 billion Sri Lankan rupees ($3.57 million) from 1.56 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 159.74 million rupees, while domestic investors were net buyers, purchasing shares worth 1.16 billion rupees, the data showed.