Sri Lankan shares end lower as financials, industrial stocks drag

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Most Read Sri Lankan shares end lower as financials, industrial stocks drag July 8 (Reuters) – Sri Lankan shares ended lower on Wednesday, as gains in consumer staples were outweighed by losses in financial and industrial stocks.** The benchmark CSE All Share Index closed down 0.24% at 5,069.52.** Conglomerate John Keells Holdings Plc and Ceylinco…

Most Read Sri Lankan shares end lower as financials, industrial stocks drag July 8 (Reuters) – Sri Lankan shares ended lower on Wednesday, as gains in consumer staples were outweighed by losses in financial and industrial stocks.** The benchmark CSE All Share Index closed down 0.24% at 5,069.52.** Conglomerate John Keells Holdings Plc and Ceylinco Insurance PLC, which fell 1.83% and 4.67%, respectively, were the top drags.Eden Hotel Lanka PLC fell the most, dropping 11.03%.** Foreign investors were net sellers, offloading 261.7 million Sri Lankan rupees ($1.41 million) worth of shares, according to exchange data.** Trading volume rose to 72.6 million from 42.5 million in the previous session, while equity market turnover was about 1.0 billion rupees.

** The Sri Lankan rupee was last quoted at 185.75 against the dollar as of 0112 GMT, compared to last session’s close of 185.85 ** For a report on global markets, click ** For a report on major currencies, click ($1 = 185.7500 Sri Lankan rupees) (Reporting by Nallur Sethuraman in Bengaluru; Editing by Rashmi Aich) 2020-07-08 15:20:18
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