Sri Lankan Stocks Decline After Five-Day Rally

Sri Lankan equities experienced a downturn on Tuesday, halting a sequence of five consecutive sessions of gains, primarily due to declines in the information technology and healthcare sectors.

The CSE All-Share index concluded trading at 17,996.73, reflecting a decrease of 0.17%. During the preceding five sessions, the index had accumulated a 7.5% increase.

Ceylon Printers and Arpico Insurance emerged as the foremost percentage gainers on the CSE All-Share index, each demonstrating an increase of approximately 9%.

The index’s trading volume saw a surge, reaching 679.2 million shares, a significant increase from the 257.3 million shares traded in the previous session.

Turnover in the equity market increased to 7.63 billion Sri Lankan rupees (equivalent to $25.44 million), up from 6.38 billion rupees in the prior session, according to data obtained from the exchange.

Foreign investment activity indicated net sales, with foreign investors divesting stocks valued at 3.44 billion rupees. Conversely, domestic investors engaged in net buying, acquiring shares worth 7.57 billion rupees, as indicated by the data.