CSE All-Share index falls for 3rd straight session

By MSV Last updated Oct 19, 2022

COLOMBO: Sri Lankan shares closed lower for the third straight session on Tuesday, hit by losses in industrial and communication service stocks, Reuters reported.

The CSE All-Share index settled down 1.31% at 8,866.05.

Sri Lanka’s central bank on Monday reported manufacturing sector PMI to be at 42.6 index points in September, down by 7 index points as compared to August

The services sector PMI was at 51.2 index points in September, down 0.5 index points as compared to August.

Expolanka Holdings Plc and Sri Lanka Telecom Plc were the top drags on the index, falling 2.8% and 4.9%, respectively.

Trading volume on the CSE All-Share index rose to 74.1 million shares on Tuesday, from 69.6 million shares in the previous session.

The equity market’s turnover was 1.87 billion Sri Lankan rupees ($5.15 million), according to exchange data.

Foreign investors were net buyers in the equity market, purchasing 54.45 million rupees of shares, while domestic investors were net sellers, offloading stocks worth 1.85 billion rupees, data showed.