Sri Lanka shares slip as financials, consumers stocks weigh
(FASTNEWS | COLOMBO) – Reuters – Sri Lankan shares fell on Tuesday to their lowest in nearly eight weeks, dragged by financial and consumer staples.
** The benchmark Sri Lankan stock index closed down 0.72% at 6,026.09, the lowest since Nov. 15.
** Shares of liquor manufacturer Distilleries Company of Sri Lanka fell for a sixth straight session and were the top drag on the index, falling as much as 4.47%.
** Ceylinco Insurance Plc dropped nearly 7% and Lanka ORIX Leasing Co Plc slipped 3.6%.
** Foreign investors were net buyers in the equity market, adding 111.5 million Sri Lankan rupees ($615,512.01) worth of shares. ** The Sri Lankan rupee was last quoted at 181.55 against the U.S. dollar, Refinitiv data showed.
** Equity market turnover was 1.44 billion Sri Lankan rupees, stock exchange data showed.