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Sri Lankan shares closed lower in the latest session as losses in energy and real estate stocks outweighed gains in IT stocks. The CSE All-Share index declined 0.34% to 21,344.77. SMB Finance PLC and Eastern Merchants PLC were the biggest percentage losers on the index, falling 33.3% and 7.6%, respectively. Trading volume increased to 67.1 million shares from 50.3 million in the previous session. Market turnover also rose sharply to 16.85 billion Sri Lankan rupees, while foreign investors remained net sellers and domestic investors were net buyers.
Sri Lankan shares ended lower in the latest session as selling pressure in energy and real estate stocks outweighed gains in IT stocks. The CSE All-Share index fell 0.34% to close at 21,344.77.
SMB Finance PLC and Eastern Merchants PLC were the biggest percentage losers on the CSE All-Share index, declining 33.3% and 7.6%, respectively. Trading volume increased to 67.1 million shares from 50.3 million shares in the previous session.
Equity market turnover also rose to 16.85 billion Sri Lankan rupees, equivalent to about USD 51.24 million, from 1.22 billion rupees in the previous session, according to exchange data.
Foreign investors remained net sellers, offloading shares worth 962.3 million Sri Lankan rupees. Domestic investors, however, were net buyers, purchasing shares worth 16.8 billion rupees.
The decline came after the All-Share index had closed at 21,405.62 in the previous session, when it had slipped 0.05%. The index has seen mixed trading through August, with real estate and IT stocks contributing to gains during some earlier sessions.
The latest session also saw a sharp rise in turnover despite the broader decline in the index, indicating heavier trading activity. Recent market data showed the S&P SL20 also ended lower, falling 0.31% to 6,009.40.
Source Reuters
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