Sri Lankan shares snap 6-session losing run as consumer staples, communication services rise

Sri Lankan shares snapped six consecutive sessions of losses on Tuesday, led by consumer staples and communication services stocks.

The CSE All-Share index settled 0.27% higher at 19,692.67 points

Dialog Axiata PLC, Carson Cumberbatch PLC and Ceylon Cold Stores PLC were among the biggest booststo the index, up 0.5%, 1% and 1.3%, respectively, on the day.

Trading volume on the index rose to 34.1 million shares from 29.7 million shares in the previous session.

The equity market’s turnover rose to 849.4 million rupees ($2.56 million) from 666.3 million rupees in the previous session, according to exchange data.

Foreign investors were net buyers, purchasing stocks worth 42.3 million rupees, while domestic investors were net sellers, offloading shares worth 842.2 million rupees, the data showed.