Sri Lankan shares close lower as broad losses weigh

About this update from Paragon Ceylon Plc

Sri Lankan shares closed lower on Thursday, weighed down by losses across most sectors.* The CSE All-Share index CSELK:ASI closed 2.1% down at 21,419.94, snapping two sessions of gains.* Paragon Ceylon PLC CSELK:PARA.N0000 and Fortress Resorts PLC CSELK:RHTL.N0000 were the biggest losers on the CSE All-Share index, falling 8.9% and 8.7%, respectively.* Trading volume fell to 176.3 million shares from 299.7 million in the previous session.* The equity market's turnover fell to 3.27 billion Sri Lankan rupees ($10.4 million), compared with 6.42 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 56.8 million rupees, while domestic investors were net buyers, purchasing shares worth 3.21 billion rupees, data showed.* For a report on global markets, click ($1 = 314.3500 Sri Lankan rupees)

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