Sri Lankan shares snap five-week losing streak

Sri Lankan shares closed higher on Friday, led by gains in healthcare and IT stocks. They rose 1.14% this week, snapping a five-week losing streak.

The CSE All Share index settled 0.47% higher at 21,370.09.

SMB Finance PLC and Industrial Asphalts (Ceylon) PLC were the top percentage gainers on the CSE All Share index

Trading volume on the CSE All Share index fell to 122.3 million shares from 231.1 million in the previous session.

The equity market’s turnover fell to 1.89 billion Sri Lankan rupees ($5.6 million) from 12.24 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 40.1 million rupees, while domestic investors were net buyers, purchasing shares worth 1.87 billion rupees, the data showed.