Jan 10 (Reuters) - Sri Lankan shares retreated from record highs on Monday and ended over 1% lower as industrial and financials stocks weighed. * The CSE All-Share index (.CSE) closed 1.23% down at 13,117.07 points. The index settled at record peaks for the last six sessions, with local investors driving the rally. * The index also haulted its eighth straight session of gains on Monday, having risen 8.63% last week, its highest since late January last year. * Foreign investors were net sellers in the equity market, offloading shares worth 215.6 million rupees ($1.06 million), while domestic investors were net buyers of shares worth more than 8.61 billion rupees, exchange data showed. * The equity market"s turnover was 8.81 billion rupees. * Conglomerate LOLC Holdings (LOLC.CM) and logistics firm Expolanka Holdings (EXPO.CM) were the top drags on the index, falling 2.8% and 2.1%, respectively. * Trading volume fell to 362.6 million shares from 622.3 million shares in the previous session. * Meanwhile, Sri Lanka"s President Gotabaya Rajapaksa on Sunday asked China to help restructure debt repayments as part of efforts to help the country weather a worsening financial crisis, his office said in a statement. read more * The South Asian country has to repay about $4.5 billion in debt this year, with a $500 million International Sovereign Bond maturing next week. * For a report on global markets, click ($1 = 202.7500 Sri Lankan rupees)