Sri Lankan shares snap 6-session losing streak on consumer, property gains

Sri Lankan shares ended a six-session losing run on Thursday, Business Recorder reported, as the CSE All-Share index closed 0.33 per cent higher at 20,880.90. Advances in consumer-facing and property counters more than made up for weakness across IT and energy stocks.

SMB Finance PLC jumped 33.33 per cent and Waskaduwa Beach Resort PLC climbed 13.33 per cent, making them the two strongest percentage advancers on the index. Volume rose to 65.4 million shares, up from 58.8 million a day earlier.

Turnover dropped to 1.43 billion rupees, or $4.33 million, compared with 1.55 billion rupees a session earlier, exchange data showed. On the other side, domestic buyers acquired a net 1.39 billion rupees of stock while overseas investors sold a net 139.6 million rupees.