Sri Lankan shares extend losing streak as communication, real estate stocks weigh
- CSE All Share index settled down 0.52% at 21,023.43
Sri Lankan shares closed lower on Thursday amid broader losses, led by communication services and real estate stocks.
The CSE All Share index settled down 0.52% at 21,023.43, falling for the fourth straight session.
Serendib Land PLC and Tal Lanka Hotels PLC were the top percentage losers on the index, down 14.6% and 6.4%, respectively.
Trading volumes fell to 55.4 million shares from 69.4 million in the previous session.
The equity market’s turnover fell to 1.33 billion Sri Lankan rupees ($4.01 million) from 1.63 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 242.5 million rupees, while domestic investors were net buyers, purchasing shares worth 1.30 billion rupees, the data showed.