Shares extend losing streak to 6 sessions
Sri Lankan shares closed lower on Monday, extending their losing streak to six sessions, dragged down by losses across sectors.
The CSE All-Share index closed 1.57% lower at 21,403.28, extending its six-session decline to 4.4%.
Lake House Printers and Pegasus Hotels of Ceylon were the top percentage losers on the CSE All-Share index, falling 7.7% and 5.3%, respectively.
Trading volume on the index fell to 88.1 million shares from 112.6 million in the previous session.
The equity market’s turnover fell to 2.61 billion Sri Lankan rupees ($7.74 million) from 2.98 billion rupees in the previous session, according to exchange data.
Foreign investors were net sellers, offloading stocks worth 132.4 million rupees, while domestic investors were net buyers, purchasing shares worth 2.54 billion rupees, the data showed.
($1 = 337.0000 Sri Lankan rupees) (Reporting by Aleef Jahan; Editing by Vijay Kishore)