Sri Lankan shares end lower as industrials drag

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 10 (Reuters) - Sri Lankan shares end lower on Wednesday, hurt by industrials stocks.



* The CSE All Share index settled 0.25% lower at 8,892.37 on Wednesday.
* An International Monetary Fund (IMF) staff team will arrive in Sri Lanka on Thursday, a statement from the global lender said as the crisis-hit country prepares for the first review of a loan programme in September.
* The delegation will visit Sri Lanka during May 11-23 as part of regular consultations ahead of the first review mission later this year, the IMF said in a statement.
* Expolanka Holdings Plc and Browns Investments Plc were the top losers on the CSE All Share, falling ~1.6% and 3.6%, respectively.
* Trading volume on the index fell to 17.9 million shares from 28 million in the previous session.
* The equity market's turnover fell to 415.3 million Sri Lankan rupees ($1.31 million) from 667.8 million rupees in the previous session, according to exchange data.
* Foreign investors were net buyers, purchasing stocks worth 18.2 million rupees, while domestic investors were net sellers, offloading shares worth 413.7 million rupees, data showed.
* For a report on global markets, click ($1 = 318.0000 Sri Lankan rupees) (Reporting by Ashna Teresa Britto in ; Editing by Shweta Agarwal)

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