Energy and industrial stocks drag Sri Lankan shares lower

Sri Lankan equities ended Tuesday’s session lower, with energy and industrial shares weighing on the market, Business Recorder reported. The CSE All-Share index fell 0.38% to 19,983.78 points, while trading volume declined to 20.9 million shares from 33.6 million in the previous session.

Serendib Land PLC and LAUGFS Gas PLC recorded the steepest percentage losses, falling 12.5% and 10.4%, respectively. Despite the lower volume, turnover increased to 741.4 million Sri Lankan rupees ($2.23 million) from 680.3 million rupees; foreign investors sold a net 81.2 million rupees of shares, while domestic investors bought 720 million rupees, according to exchange data. The report links the session’s decline to energy and industrial stocks, alongside these contrasting investor flows.