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Financials stocks drag Sri Lankan shares lower
Sri Lankan shares closed lower on Friday, dragged by financials stocks. The CSE All-Share index settled 0.6% lower at 20,142.33 points. Hatton National Bank PLC and LOLC Holdings PLC were among the biggest drags on the index, down 1.3% and 3.7%, respectively, on the day. Trading volume on the index fell to 48.6 million shares from 117.4 million shares in the previous session. The equity market’s turnover dipped to 958.6 million Sri Lankan rupees ($2.88 million) from 2.27 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks wo...
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