Colombo stock market falls for 3rd straight session

COLOMBO: Sri Lankan shares closed lower for a third straight session, weighed by industrial and financial companies as factory and services output data showed marginal declines in October.

At the close of trade, the CSE All-Share index fell 2.47% to 8,087.04.

On the CSE All-Share index, conglomerates Expolanka Holdings PLC and LOLC Holdings Plc were the top drags, falling 4.75% and 6.95%, respectively.

Trading volume on the CSE All-Share index rose to 69.5 million shares from about 62 million in the previous session.

The equity market’s turnover was 1.63 billion Sri Lankan rupees ($4.49 million), compared with 1.58 billion rupees in the previous session, according to exchange data.

* Foreign investors were net buyers in the equity market, purchasing stocks worth 141.1 million rupees, while domestic investors were net sellers, offloading shares worth 1.62 billion rupees, data showed.