April 24, 2024

Sri Lankan shares end nearly flat as consumer discretionary stocks weigh

1 min read

Sri Lankan shares ended nearly flat on Wednesday, as losses in consumer discretionary stocks offset gains in communication services and industrials.

The benchmark stock index ended 0.03% higher at 6,097.93.

Conglomerate John Keells Holdings advanced 2.1% to be the top boost on the index, followed by telecom firm Dialog Axiata, which rose 3.5%.

Shares of conglomerate Melstacorp and Ceylinco Insurance declined 2.6% and 2.5%, respectively, to be the top drags.

Trading volume on the CSE All Share Index fell to 90.2 million from 129.8 million in the previous session.

Foreign investors were net sellers in the equity market, offloading Rs.437.2 million ($2.37 million) worth of shares, according to exchange data.

Equity market turnover was Rs. 3.07 billion , exchange data showed.

Source: Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *