Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Sri Lanka’s stock market ended slightly lower, marking its second consecutive session of losses as declines in communication services and real estate stocks offset gains in the IT and healthcare sectors. The benchmark CSE All Share Index slipped 0.09%, while trading activity and market turnover also declined compared to the previous session. Foreign investors remained net sellers, whereas domestic investors continued to buy shares. The latest session reflects cautious investor sentiment amid lower trading volumes and selective sectoral movements across the market.
Sri Lankan shares ended marginally lower, extending losses for a second straight session as weakness in communication services and real estate stocks weighed on the broader market despite gains in the IT and healthcare sectors.
The benchmark CSE All Share Index closed 0.09% lower at 22,243.70. The decline came after the market had also ended in negative territory in the previous trading session, reflecting cautious investor sentiment.
Among the biggest percentage losers on the index were Paragon Ceylon PLC, which declined 2.2%, and ACME Printing, which fell 2%.
Market participation also weakened during the session. Trading volume on the CSE All Share Index dropped to 35.2 million shares, compared with 60 million shares in the previous session, according to exchange data.
The market's total turnover also declined to INR 1.07 billion Sri Lankan rupees (USD 3.18 million) from INR 1.76 billion Sri Lankan rupees recorded in the previous session, indicating lower investor activity.
Foreign investors remained net sellers during the session, offloading shares worth INR 350.5 million Sri Lankan rupees. In contrast, domestic investors continued to support the market, purchasing shares worth INR 1.01 billion Sri Lankan rupees. The contrasting investment pattern highlights continued buying interest from local investors even as overseas participants remained cautious.
The latest session adds to the recent softness in Sri Lanka's equity market, with lower trading activity and sector-specific weakness influencing overall market performance.
Source Reuters
Advertisement
Facebook
Whatsapp
