Sri Lankan shares slip as losses in energy and real estate weigh
Sri Lankan shares closed lower on Monday as losses in energy and real estate stocks outweighed gains in IT stocks. The CSE All-Share index settled down 0.34% at 21,344.77 SMB Finance PLC and Eastern Merchants PLC were the top percentage losers on the CSE All-Share index, falling 33.3% and 7.6%, respectively. Trading volume on the index rose to 67.1 million shares from 50.3 million shares in the…
Sri Lankan shares experienced a decline on Monday, with losses in the energy and real estate sectors outweighing gains in the IT sector. The CSE All-Share index closed down 0.34% at 21,344.77, with SMB Finance PLC and Eastern Merchants PLC leading the downturn, falling by 33.3% and 7.6%, respectively. Trading volume on the index increased to 67.1 million shares from the previous session's 50.3 million shares, with the equity market's turnover rising to 16.85 billion Sri Lankan rupees ($51.24 million) from 1.22 billion rupees in the previous session.
Foreign investors were net sellers, offloading stocks worth 962.3 million rupees, while domestic investors were net buyers, purchasing shares worth 16.8 billion rupees.
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