Industrial stocks drag Sri Lankan shares lower

Sri Lankan shares closed lower on Monday, dragged by industrial stocks.

The CSE All-Share index settled 0.28% lower at 20,260.06 points.

Hemas Holdings and CIC Holdings were the biggest drag on the index, down 1.31% and 2.22%, respectively.

Trading volume on the index fell to 46.6 million shares from 70.1 million shares in the previous session.

The equity market’s turnover rose to 1.19 billion Sri Lankan rupees ($3.60 million) from 1.05 billion rupees in the previous session, according to exchange data.

Foreign investors were net buyers, purchasing stocks worth 9.9 million rupees, while domestic investors were net sellers, offloading shares worth 1.19 billion rupees, the data showed.