CSE logs second straight weekly loss

Reuters: Sri Lankan shares clocked their second consecutive weekly loss as the island nation further extended its lockdown until 1 October to tackle an upsurge in coronavirus cases.

The CSE All-Share index, which logged a weekly loss of 0.71%, was down 0.52% at 8,801.95 points at the closing bell on Friday, dragged down by losses in the consumer discretionary and industrials sectors.

Browns Investment Plc and Lanka Orix Leasing Company Plc were top drags on the index, falling 4.2% and 1.44%, respectively. The equity market’s turnover was Rs. 3.80 billion.

Trading volume on the exchange fell to 153.2 million shares from 215.5 million shares in the previous session.

Foreign investors were net sellers in the equity market, offloading shares worth Rs. 596 million, as per exchange data.