Key Takeaways
- Sri Lankan shares closed lower for a fifth consecutive session.
- The CSE All-Share index fell 0.17% to 19,684.91 points.
- Foreign investors were net buyers, while domestic investors were net sellers.
Sri Lankan shares concluded a fifth consecutive session of decline on Friday, with the CSE All-Share index settling 0.17% lower at 19,684.91 points.
This marks the fourth consecutive weekly fall for the index, which dropped 2.52% over the week.
Dialog Axiata Plc and Carson Cumberbatch Plc were the biggest decliners, falling 9.7% and 9.1% respectively.
Trading volume decreased significantly, dropping to 31.5 million shares from 64.3 million shares in the previous session.
The equity market’s turnover also saw a decline, falling to 825.1 million Sri Lankan rupees ($2.48 million) from 1.10 billion rupees in the previous session.
Despite the overall decline, foreign investors were net buyers, purchasing stocks worth 55.1 million rupees.
In contrast, domestic investors were net sellers, offloading shares worth 807.6 million rupees.
The CSE All-Share index has been under pressure, reflecting broader market concerns and economic challenges in Sri Lanka.
