Sri Lankan benchmark ends marginally lower as financials drag

About this update from Industrial Asphalts (ceylon) Plc

Sri Lankan shares closed slightly lower on Tuesday, weighed by financial stocks, but found support from all other sectors.* The CSE All-Share index CSELK:ASI slipped 0.02% to 23,623.74. * Industrial Asphalts (Ceylon) CSELK:ASPH.N0000 and Senkadagala Finance CSELK:SFCL.N0000 were the biggest percentage losers on the CSE All-Share index, falling 20% and 17.7%, respectively.* Ten of the 11 sectors advanced, led by Paragon Ceylon PLC CSELK:PARA.N0000, which surged 25% to top the index.* Trading volume fell to 134.5 million shares from 214.3 million shares in the previous session.* The equity market's turnover rose to 5.17 billion Sri Lankan rupees ($16.69 million) compared with 4.69 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers in the equity market, selling stocks worth 155.2 million rupees, data showed. Domestic investors were net buyers, purchasing shares worth 5.1 billion rupees.* For a report on global markets, click ($1 = 309.6800 Sri Lankan rupees)

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