Jul 05, 2020, 22:18:35

Sri Lankan shares fall after nine days winning streak as industrial stocks drag

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Sri Lankan shares fell on Monday after nine straight sessions of gains, weighed by shares of industrial companies.

The benchmark CSE All Share Index ended down 0.19% at 5,153.77.

Industrial conglomerate John Keells Holdings Plc and beverage maker Ceylon Cold Stores were the biggest drags to the index, falling 2.5% and 2.3%, respectively.

On the other hand, giving the biggest boost was Cigarette maker Ceylon Tobacco Company Plc up about 0.5%.

Foreign investors were net sellers, offloading 486.4 million sri lankan rupees ($2.61 million) worth of shares, according to exchange data.

Trading volume fell to 34.4 million from 47.2 million in the previous session, while equity market turnover was 1.19 billion rupees.

The rupee was quoted at 186.1 against the dollar at 1157 GMT. The currency is 2.65% weaker so far this year.

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