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Markets

Sri Lankan shares end lower as consumer, financial stocks weigh

  • Investment firm Bukit Darah Plc and carbonated drink producer Ceylon Cold Stores Plc shed 13.4pc and 4.7pc, respectively, and were the top drags on the index.
Published October 6, 2020

Sri Lankan shares closed lower again on Tuesday, weighed down by consumer and financial stocks, a day after posting their worst session in more than 16 years due to a resurgence in domestic coronavirus cases.

The benchmark stock index ended down 0.94pc at 5,534.61.

Investment firm Bukit Darah Plc and carbonated drink producer Ceylon Cold Stores Plc shed 13.4pc and 4.7pc, respectively, and were the top drags on the index.

Ceylon Tobacco Company Plc added 0.7pc, capping losses.

Trading volume on the CSE All Share Index fell to 163.32 million from 268.77 million a day earlier.

Foreign investors were net buyers in the equity market, purchasing 92.1 million rupees ($499,051.75) worth of shares, according to exchange data.

The Sri Lankan rupee was last quoted at 184.55 against the US dollar as of 1240 GMT, 0.05pc higher for the day compared to last session's close of 184.65, according to Refinitiv data.

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