Energy stocks drag Sri Lankan shares lower
Sri Lankan shares closed lower on Wednesday, dragged by energy stocks. The CSE All-Share index settled 0.64% lower at 20,517.55 points. Standard Capital and C M Holdings PLC were the top percentage losers on the index, down 10.6% and 7.2%, respectively. Trading volume on the index rose to 60.4 million shares from 43.1 million shares in the previous session. The equity market’s turnover rose to…
Sri Lankan shares experienced a decline on Wednesday, with energy stocks leading the downward trend. The CSE All-Share index closed 0.64% lower at 20,517.55 points, marking a decrease from the previous session's volume of 43.1 million shares to 60.4 million shares. Standard Capital and C M Holdings PLC were identified as the top percentage losers, with their stocks falling by 10.6% and 7.2%, respectively.
The equity market's turnover reached 1.99 billion Sri Lankan rupees ($6.01 million), up from the previous session's 1.07 billion rupees. Foreign investors were found to be net sellers, offloading stocks worth 31.5 million rupees, while domestic investors were net buyers, purchasing shares worth 1.96 billion rupees.
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