Losses in communication services, IT stocks
Sri Lankan shares closed lower on Thursday, dragged down by losses in communication services and information technology stocks.
The CSE All-Share index settled down 0.21% at 23,870.07 points.
Communication Services stocks dropped 2.1%, while IT stocks fell 2%.
Kerner Haus Global Solutions PLC and ACME Printing and Packaging PLC were the top percentage losers on the index, down 22.2% and 15%, respectively, on the day.
Trading volume on the index fell to 275.6 million shares from 289.2 million shares in the previous session.
The equity market’s turnover dropped to 4.91 billion Sri Lankan rupees ($15.9 million) from 5.66 billion rupees in the previous session, according to exchange data.
Foreign investors were net buyers, purchasing stocks worth 652 million rupees, while domestic investors were net sellers, offloading shares worth 4.30 billion rupees, the data showed.