Sri Lankan shares slip for third session as materials stocks weigh
- CSE All-Share index settled 0.28% lower at 19,927.30 points
Sri Lankan shares closed lower on Wednesday, dragged by basic materials and industrial stocks.
The CSE All-Share index settled 0.28% lower at 19,927.30 points.
The index recorded its third consecutive session of losses.
SMB Finance PLC and Radiant Gems International PLC were the top percentage losers on the index, down 25% and 9.6%, respectively, on the day.
Trading volume on the index rose to 65.2 million shares from 20.9 million shares in the previous session.
The equity market’s turnover rose to 1.46 billion Sri Lankan rupees ($4.40 million) from 741.4 million rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 48.5 million rupees, while domestic investors were net buyers, purchasing shares worth 1.41 billion rupees, the data showed.