January 14, 2020 / 1:29 PM / 8 days ago

Sri Lanka shares slip as consumer sector takes a beating

Jan 14 (Reuters) - Sri Lankan shares slid on Tuesday, hit by a steep drop in consumer stocks which accounted for nearly half the losses.

** The benchmark Sri Lankan stock index closed down 0.2% at 5,968.63 points.

** Shares of Ceylon Tobacco Company and Ceylon Beverage Holdings were the top drag on the index, slipping 1.8% and 9.8%, respectively.

** Shares of liquor manufacturer Distilleries Company of Sri Lanka dropped nearly 2%.

** Foreign investors were net sellers in the equity market, off-loading 37.8 million Sri Lankan rupees ($208,436.72) worth of shares.

** The Sri Lankan rupee was last quoted at 181.35 against the U.S. dollar as of 12:57 GMT, 0.06% higher for the day compared to last session’s close of 181.45, according to Refinitiv data.

** Equity market turnover was 218.7 million Sri Lankan rupees, stock exchange data showed.

** For a report on global markets, click

** For a report on major currencies, click ($1 = 181.5000 Sri Lankan rupees) (Reporting by Chandini Monnappa in Bengaluru; Editing by Shinjini Ganguli)

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