Sri Lankan shares drop for fourth straight session as utilities stocks weigh

About this update from Insureme Insurance Brokers Limited

Sri Lankan shares closed lower on Tuesday, weighed down by utilities stocks.* The CSE All-Share index CSELK:ASI fell 0.12% to 21,066.18, marking its fourth straight session of losses. * InsureMe Insurance Brokers CSELK:INME.N0000, a Sri Lanka-based insurance and licensed broker, and commercial bank Sampath Bank CSELK:SAMP.N0000 were the biggest drags on the CSE All-Share index, falling 7.2% and 6.7%, respectively.* Trading volume fell to 100.4 million shares from 145.5 million in the previous session.* The equity market's turnover rose to 3.57 billion Sri Lankan rupees ($11.3 million) from 2.17 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers of shares worth 165.7 million rupees in the equity market, while domestic investors were net buyers of shares worth 3.53 billion rupees, data showed.* For a report on global markets, click ($1 = 315.0000 Sri Lankan rupees)

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