Smb Finance PlcCSELK: SEMB.N0000

IT, materials stocks drag Sri Lankan shares lower

· Issued by Smb Finance Plc

Sri Lankan shares closed lower for the fifth straight session on Wednesday, weighed down by losses in information technology and materials stocks.

  • The CSE All-Share index CSELK:ASI settled 0.09% lower at 23,029.86 points.

  • SMB Finance CSELK:SEMB.N0000 and Kotmale Holdings CSELK:LAMB.N0000 were the biggest percentage losers on the benchmark index, down 11.1% and 7.2%, respectively.

  • Trading volume on the CSE All-Share index dropped to 125.4 million shares from 137.8 million shares in the previous session.

  • The equity market's turnover declined to 3.81 billion Sri Lankan rupees ($12.4 million) from 4.44 billion rupees in the previous session, according to exchange data.

  • Foreign investors were net sellers of stocks worth 100.5 million rupees, while domestic investors were net buyers, purchasing shares worth 3.72 billion rupees, the data showed.

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($1 = 308.3000 Sri Lankan rupees)

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