By: ManjuChandran
Sri Lankan shares closed lower on Thursday, dragged by consumer discretionary and industrial stocks.
** The benchmark stock index ended 0.36% weaker at 8,857.30.
** The CSE index fell 1.4% in the past week and has declined 4.4% in 2020.
** Conglomerate C T Holdings was the biggest drag on the index.
** Tess Agro Plc and John Keells Holdings Plc were the most heavily traded companies by volume on the benchmark index.
** Tess Agro surged 20%, while John Keells closed slightly lower.
** Foreign investors were net sellers, offloading 81.9 million Sri Lankan rupees ($451,488.42) worth of shares.
** Trading volume of 10.25 million on the CSE All Share Index was 38.7% lower, when compared with the last full trading day.
** The Sri Lankan rupee was last quoted at 181.4 against the U.S. dollar as of 1229 GMT, 0.03% lower for the day compared to the last session’s close of 181.35, according to Refinitiv data.
** Equity market turnover was 262.9 million Sri Lankan rupees, data showed.
(Reuters)
