Sri Lankan shares end flat as gains in consumer discretionary stocks offset losses in staples

Sri Lankan shares closed flat on Monday, as gains in consumer discretionary stocks and communication services were offset by losses in consumer staples and material companies.

The CSE All-Share index settled up 0.07% at 21,187.22.

Palm Garden Hotels PLC and Cargo Boat Development PLC were the top percentage gainers on the CSE All-Share index, advancing 13.5% and 11.5%, respectively.

Tess Agro PLC and Equity Two PLC were the top percentage losers, falling 7.1% and 6.1%, respectively.

Trading volume on the index fell to 63.1 million shares from 93.6 million shares in the previous session.

The equity market’s turnover fell to 2.07 billion rupees ($6.16 million) from 2.45 billion rupees in the previous session, according to exchange data.

Foreign investors were net buyers, purchasing stocks worth 75.9 million rupees, while domestic investors were net sellers, offloading shares worth 2.01 billion rupees, the data showed.