Sri Lankan shares fall as utilities, real estate stocks weigh
Sri Lankan shares closed lower on Monday, hurt by broad-based losses led by utilities and real estate stocks. The CSE All Share index settled down 0.44% at 20,943.79 Industrial Asphalts (Ceylon) PLC and Tess Agro PLC were the top percentage losers on the CSE All Share index, falling 14.3% and 11.1%, respectively Trading volume on the CSE All Share index rose to 32.1 million shares from 26.5…
Sri Lankan shares experienced a decline on Monday, driven by losses in utilities and real estate sectors. The CSE All Share index closed down 0.44% at 20,943.79, with Industrial Asphalts (Ceylon) PLC and Tess Agro PLC recording the largest percentage drops of 14.3% and 11.1%, respectively. Trading volume increased to 32.1 million shares, while the market's turnover decreased to 596 million Sri Lankan rupees, marking a drop from the previous session's 814.9 million rupees.
Foreign investors acted as net buyers, purchasing stocks worth 10.9 million rupees, whereas domestic investors were net sellers, offloading shares worth 593 million rupees.
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