Business
Sri Lankan shares snap 15-day rally as energy, IT stocks fall
Sri Lankan shares snap 15-day rally as energy, IT stocks fall
About this update from Abans Finance Plc
Sri Lankan shares closed lower on Wednesday, breaking a 15-session winning streak, as losses in energy and information technology stocks weighed.* The CSE All-Share index CSELK:ASI fell 0.29% to 22,097.99 points.* York Arcade Holdings PLC CSELK:YORK.N0000 and Abans Finance PLC CSELK:AFSL.N0000 were the top percentage losers on the index, falling 7.3% and 5.8%, respectively.* Trading volume fell to 189.5 million shares from 247.1 million shares in the previous session.* The equity market's turnover fell to 7.32 billion Sri Lankan rupees ($24.19 million), compared with 7.95 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 1.01 billion rupees, while domestic investors were net buyers, purchasing shares worth 6.51 billion rupees, the data showed.* For a report on global markets, click ($1 = 302.5500 Sri Lankan rupees)