Sri Lankan shares slip for third session as materials stocks weigh

Sri Lanka’s CSE All-Share index fell 0.28% to 19,927.30 points on Wednesday, extending its decline to a third consecutive session. Business Recorder reported that selling in basic materials and industrial shares weighed on the market.

Trading activity increased, with volume reaching 65.2 million shares compared with 20.9 million in the prior session. Turnover also climbed to 1.46 billion Sri Lankan rupees from 741.4 million rupees. Foreign investors sold a net 48.5 million rupees of shares, while domestic investors bought a net 1.41 billion rupees, according to exchange data. SMB Finance PLC and Radiant Gems International PLC posted the steepest percentage declines, falling 25% and 9.6%, respectively.