Sri Lankan shares end lower as consumer, telecom losses weigh
Aug 28 (Reuters) – Sri Lankan shares closed lower for a fourth session on Friday, dragged down by losses in communication services and consumer staples stocks.
** The benchmark CSE All Share Index closed 0.23% lower at 5,320.87. The index posted a weekly loss of 1.14%
** C T Holdings Plc shed 3.2%, while communication services provider Dialog Axiata Plc fell about 0.9%, among the session’s top drags.
** Trading volume on the CSE All Share Index fell to 40.8 million, from 50.8 million in the previous session.
** Foreign investors were net sellers, offloading 364.7 million Sri Lankan rupees ($1.96 million) worth of shares.
** Equity market turnover was 1.04 billion Sri Lankan rupees, exchange data showed.
** The Sri Lankan rupee was last quoted at 186.30 against the dollar, according to Refinitiv data.
** For a report on global markets, click
** For a report on major currencies, click ($1 = 186.3000 Sri Lankan rupees) (Reporting by Derek Francis; Editing by Aditya Soni)
Source: Read Full Article