Distilleries Company shares drop 5%

Sri Lankan shares closed lower for a third straight session, dragged down by healthcare stocks, Reuters reported.

The CSE All-Share index closed 0.2% lower at 8,491.80, exchange data showed. For the week, the index fell 2.7%.

Distilleries Company of Sri Lanka Plc and Browns Investments were the top drags on Friday, falling 5% and 3.3%, respectively.

Trading volume on the CSE All-Share index fell to 28.2 million shares from 50.2 million in the previous session.

The equity market turnover was 817.8 million Sri Lankan rupees ($2.26 million), according to exchange data.

Foreign investors were net buyers, purchasing 13.7 million rupees of shares, while domestic investors were net sellers, offloading stocks worth 806.6 million rupees, data showed.