Sri Lankan shares snap 6-session losing run as consumer staples, communication services rise

Sri Lankan shares experienced their sixth consecutive day of decline on Monday, slipping marginally lower as financial services and consumer stocks weighed on the market. The CSE All-Share index fell 0.23% to 19,640.56 points, marking a continued downward trend. Commercial Bank of Ceylon PLC and Distilleries Company of Sri Lanka PLC were among the main contributors to the index's losses, with declines of 0.4% and 0.6%, respectively.

Trading volume on the index also saw a slight decrease, with 29.7 million shares traded, compared to 31.5 million shares in the previous session. The equity market's turnover dipped to 666.3 million Sri Lankan rupees ($2.01 million) from 825.1 million rupees in the prior session. Foreign investors were net sellers, offloading stocks worth 12.3 million rupees, while domestic investors were net buyers, purchasing shares worth 661 million rupees.

Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.