Shares slide on broad sectoral losses
Sri Lankan shares closed lower, extending their decline into a sixth straight session, weighed down by broad-based losses across sectors, led by information technology and health care stocks.
The CSE All Share index settled 2.28% lower at 21,789.05.
Lanka Ventures PLC and Serendib Land PLC were the largest percentage losers on the CSE All Share index, shedding 8.49% and 8.45%, respectively.
Trading volume on the CSE All Share index rose to 175.7 million shares from 93.2 million shares in the previous session.
The equity market’s turnover climbed to 3.80 billion Sri Lankan rupees ($2.96 million) from 2.32 billion Sri Lankan rupees in the previous session, according to exchange data.
Foreign investors were net buyers, purchasing stocks worth 78.2 million rupees, while domestic investors were net sellers, offloading shares worth 3.76 billion rupees, the data showed.