IT losses drag Sri Lankan shares lower

About this update from Royal Palms Beach Hotels Plc

Sri Lankan shares closed lower on Thursday, as losses in IT and energy stocks overpowered gains in healthcare.* The CSE All Share index CSELK:ASI settled 0.32% lower at 22,566.58.* Royal Palms Beach Hotels PLC CSELK:RPBH.N0000 and Softlogic Capital PLC CSELK:SCAP.N0000 were the top percentage losers on the CSE All Share index, falling 3.1% and 2.4%, respectively.* Trading volume on the CSE All Share index fell to 126 million shares from 155.5 million in the previous session.* The equity market's turnover fell to 2.83 billion Sri Lankan rupees ($8.92 million) from 5.25 billion rupees in the previous session, according to exchange data.* Foreign investors were net buyers, purchasing stocks worth 60 million rupees, while domestic investors were net sellers, offloading shares worth 2.77 billion rupees, the data showed.* For a report on global markets, click($1 = 317.2500 Sri Lankan rupees)

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