Sri Lankan equities closed lower for the eighth consecutive session on Thursday, marking the longest continuous downward streak for the market since September 2024.

The Colombo Stock Exchange's All-Share Price Index settled down 0.60% at 21,697.72, driven by broad-based losses across sectors.

The persistent selling pressure highlights ongoing fragility in the market, with investors seemingly unwilling to step in despite the extended drawdown.

The decline caps a week of consistent negative momentum, following a 0.19% drop on Friday and a 0.17% midday slide on Tuesday.

This sustained period of losses underscores a lack of near-term catalysts to reverse the trend.

The eight-session streak represents a significant test of market resilience.