Sri Lankan shares snap six-session winning streak as financials drag

Business Recorder reported that Sri Lankan equities ended lower on Wednesday, bringing a six-session advance to a halt. The CSE All-Share index finished at 22,032.93 points, down 0.41%, as financial and industrial shares weighed on the market. Hatton National Bank and Overseas Realty (Ceylon) were among the heaviest contributors to the decline, falling 1.2% and 2.8%, respectively.

Trading activity also eased: volume declined to 171.8 million shares from 249.3 million in the prior session, while turnover fell to 4.82 billion Sri Lankan rupees ($14.51 million) from 7.91 billion rupees, exchange data showed. Foreign investors bought shares worth 168.9 million rupees, whereas domestic investors sold 4.69 billion rupees worth. The report describes a weaker session in Sri Lanka, rather than a development involving Pakistani-listed companies or the PSX.