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Communications stocks drag down Sri Lankan shares
Sri Lankan shares closed lower on Monday, pressured by communications stocks. The CSE All-Share index fell 0.62% to 20,059.42 points. Dialog Axiata and Hatton National Bank were the biggest drags, slipping 2.3% and 0.8%, respectively. Trading volume on the index slumped to 33.6 million shares from the previous session’s 68.4 million. Turnover dipped to 680.3 million Sri Lankan rupees ($2.05 million) from 1.14 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 67.8 million rupees, while domestic investors were net buye...
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