Sri Lankan shares edge lower as utilities, communication stocks weigh
Sri Lankan shares closed slightly lower on Thursday, as losses in utilities and communication services stocks outweighed gains in consumer discretionary and real estate. The CSE All Share index settled down 0.09% at 21,066.89. Utilities fell more than 1%, while communication services dropped nearly 0.6% - LSEG-compiled data Ceylon Beverage Holdings PLC and Serendib Land PLC were the top…
Sri Lankan shares slipped marginally on Thursday, with losses in utilities and communication services eroding gains in consumer discretionary and real estate sectors. The CSE All Share index ended the day at 21,066.89, down 0.09% from the previous close. Utilities witnessed the most significant decline, shedding more than 1% of their value, while communication services tumbled nearly 0.6%.
Ceylon Beverage Holdings PLC and Serendib Land PLC emerged as the top percentage losers, with their shares falling 10.6% and 7.9%, respectively. Trading activity on the CSE All Share index dwindled to 37.8 million shares, down from 83.4 million shares the previous session. The market's turnover dropped to 1.20 billion rupees, a decline from 1.32 billion rupees in the prior session, according to exchange figures.
Foreign investors exited the market, selling stocks valued at 206 million rupees, whereas domestic investors were net buyers, purchasing shares worth 1.16 billion rupees, as per the exchange data.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
