|25 February, 2020

Sri Lanka shares down for second day as industrials suffer

Sri Lankan markets ended lower on Tuesday

Sri Lankan markets ended lower on Tuesday for a second straight session, pulled down by a range of industrial, financial and consumer goods companies following a day of carnage on global financial markets.

** The benchmark stock index closed 1.14% lower at 5,730.93, tracking a still shaky mood globally, which saw Chinese stocks fall further and European markets dip after a marginally higher start.

** Ceylon Tobacco Company Plc, John Keells Holdings Plc and Dialog Axiata Plc were the biggest drags on the CSE index, with CTC and JKH both falling 1.8% while DIAL fell 2.3%

** Foreign investors were net sellers, offloading 233.8 mln Sri Lankan rupees ($1.29 mln) worth of shares, according to exchange data.

** Equity market turnover was 591.7 million Sri Lankan rupees, data showed.

($1 = 181.6000 Sri Lankan rupees)

(Reporting by Anuron Kumar Mitra and Philip George in Bengaluru; editing by Patrick Graham) ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))

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