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Sri Lankan stocks closed lower in the past week, extending losses for a fourth consecutive session as industrial, real estate and energy stocks remained under pressure. The CSE All Share Index fell 1.1 percent to 21,898.20. While trading volumes improved, market turnover declined to LKR 2.98 billion. Inflation eased slightly in November, but it failed to lift sentiment. SMB Finance PLC and Colombo Dockyard PLC led the losses. Foreign investors were modest net buyers, while domestic investors continued to sell heavily.
Sri Lankan equities ended lower in the past week, registering a fourth straight session of decline as selling pressure persisted across industrial, real estate and energy counters. Weak sentiment in these sectors continued to weigh on overall market performance despite some improvement in trading activity. Advertisement
The CSE All Share Index declined 1.1 percent to close at 21,898.20, reflecting broad-based losses. Market participants remained cautious amid mixed macroeconomic signals and stock-specific corrections following recent gains in select counters.
Data from the statistics department showed that consumer prices rose 2.4 percent year-on-year in November, easing from a 2.7 percent increase recorded in the previous month. The moderation in inflation offered limited support to equities, with investors remaining focused on earnings visibility and sector fundamentals.
Among individual stocks, SMB Finance PLC and Colombo Dockyard PLC recorded the steepest declines on the benchmark index, falling 25 percent and 24.9 percent respectively. The sharp drop in these counters added to the overall weakness seen during the session.
Trading volumes improved, with 81.9 million shares changing hands compared with 75.1 million shares in the previous session. However, total market turnover declined to LKR 2.98 billion from LKR 3.45 billion earlier, indicating lower value participation despite higher volumes.
Foreign investors remained marginally positive, ending the session as net buyers with purchases worth LKR 57.2 million. In contrast, domestic investors continued to pare exposure, selling shares valued at LKR 2.93 billion, according to exchange data. The divergence in investor behaviour highlighted ongoing caution among local participants.
Source Reuters
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