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Sri Lanka Stocks Slip on Monday
1 Jun
Summary
- Sri Lankan shares decreased due to losses in key sectors.
- Renuka Agri Foods and Renuka Foods saw significant drops.
- Trading volume and turnover experienced a sharp decline.
On Monday, Sri Lankan shares concluded the trading session with a decline, primarily influenced by negative performance in the health care, industrials, and energy sectors. The CSE All Share index registered a 0.21% decrease, closing at 22,265.04 points.
Leading the losses were Renuka Agri Foods PLC and Renuka Foods PLC, which experienced significant percentage drops of 8.4% and 7.7%, respectively. The trading volume on the index also saw a marked reduction, falling to 71 million shares from 516 million in the prior session.
Furthermore, the equity market's turnover decreased substantially to 1.67 billion Sri Lankan rupees from 7.38 billion rupees previously. Foreign investors continued their selling trend, offloading stocks worth 37.4 million rupees, while domestic investors emerged as net buyers, acquiring shares valued at 1.64 billion rupees.
