Sri Lankan shares fall for fourth session as consumer staples, financials weigh

Sri Lankan shares fell for a fourth consecutive session on Thursday, with losses in consumer staples and financial stocks weighing on the market, Business Recorder reported. The CSE All-Share index ended at 19,717.92 points, down 1.05%. Distilleries Company of Sri Lanka and Hatton National Bank led the declines, dropping 3.6% and 1.2%, respectively.

Trading volume eased to 64.3 million shares from 65.2 million in the previous session, while turnover fell to 1.10 billion Sri Lankan rupees, or $3.31 million, from 1.46 billion rupees, according to exchange data. Foreign investors bought shares worth 90.3 million rupees, but domestic investors sold a net 1.05 billion rupees’ worth. The figures show a fourth day of weakness alongside lower market activity and net selling by local investors.