Sri Lankan shares fall due to communication services stocks – Markets ReadingS


BENGALURU: Sri Lankan shares closed lower on Friday, driven by losses in communications services and consumer discretionary stocks.

The CSE All Share Index fell for the fourth consecutive session, falling 0.46% to 10,613.11.

For the week, the index fell 2.38%, surpassing its two-week gain.

Ceylon Beverage Holdings PLC and Dialog Axiata PLC were the top losers on the CSE All Share, falling 17.24% and 3.23% respectively.

Trading volume in the CSE All Share index fell to 38.4 million shares from 68.4 million shares in the previous session.

Sri Lankan shares close lower, driven by consumer staples and financials

The stock market’s turnover fell to 873.8 million Sri Lankan rupees ($2.67 million) from 1.06 billion rupees in the previous session, stock exchange data showed.

The data showed that foreign investors were net sellers, selling shares worth 105.8 million rupees, while domestic investors were net buyers, buying shares worth 810.8 million rupees.

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