Sri Lankan shares close lower on broad-based losses

Sri Lankan shares closed lower on Tuesday, dragged by losses across sectors.

The CSE All Share index settled down 0.65% at 22,263.28.

Sri Lanka’s Colombo Consumer Price Index rose 6.8% year-on-year in June, after a 5.5% rise in May, the Statistics Department said.

Serendib Land PLC and Tess Agro PLC were the top percentage losers on the CSE All Share index, falling 8.14% and 6.67%, respectively.

Trading volume on the CSE All Share index fell to 60 million shares from 63.9 million in the previous session.

The equity market’s turnover fell to 1.76 billion Sri Lankan rupees ($5.24 million) from 1.91 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 581.1 million rupees, while domestic investors were net buyers, purchasing shares worth 1.64 billion rupees, the data showed.