Industrial and consumer discretionary stocks drop

Sri Lankan ‌shares closed lower on Monday, weighed down by industrial and consumer discretionary stocks.

The CSE All-Share ​index fell 1.3% to 21,092.24, marking its third straight session of losses. The index posted its first weekly gain in five weeks last week.

Conglomerates ‌Lake House Printers and ​Publishers Plc and ‌Palm Garden Hotels Plc were the ‌biggest drags on the CSE All-Share index, falling 9.9% and 8.5%, respectively.

Trading volume fell to 100.4 million shares from 145.5 million ‌in the previous session.

The equity market’s turnover declined to 2.17 billion Sri Lankan rupees ($6.9 million), down from 2.67 billion rupees in the previous session, according to exchange data.

Foreign investors were net sellers of shares worth 87.9 million rupees in the equity market, while domestic investors were net buyers of shares worth 2.12 billion rupees, data showed.