CSE All-Share index down nearly 2%

COLOMBO: Sri Lankan shares slumped nearly 2% on Tuesday, falling for a third straight day, dragged by industrials and financial, Reuters reported.

The CSE All-Share index closed 1.95% lower at 8,516.40. On Friday, the index closed at 0.59% lower. The market was shut on Monday for a holiday.

Lanka IOC Plc and LOLC Holdings Plc were the top drags, falling 8.2% and 2.3%, respectively.

Trading volume on the CSE All-Share index rose to 69.2 million shares from 52.8 million shares in the previous session.

The equity market’s turnover was 2.05 billion Sri Lankan rupees ($5.67 million), according to exchange data.

Foreign investors were net buyers in the equity market, purchasing 532.7 million rupees of shares, while domestic investors were net sellers, offloading stocks worth 2.05 billion rupees, data showed.