Sri Lankan shares fall as consumer staples, communication services weigh

Sri Lankan shares closed lower on Tuesday, dragged down by consumer staples and communication services stocks weighed

The CSE All-Share index settled 0.31% lower at 21,279.65.

Food retail and distribution firm Cargills (Ceylon) PLC and wire telecommunications company Dialog Axiata PLC were biggest drag on the CSE All Share index, in terms of index points.

Trading volume on the CSE All Share index fell to 27.2 million shares from 67.1 million shares in the previous session.

Turnover fell to 796.9 million Sri Lankan rupees ($2.43 million) from 16.85 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers, offloading stocks worth 60.1 million rupees, while domestic investors were net buyers, purchasing shares worth 740.9 million rupees, the data showed.