Sri Lankan shares close lower, dragged by communication services stocks

About this update from Paragon Ceylon Plc

Sri Lankan shares closed lower on Tuesday, weighed down by losses in communication services stocks.* The CSE All-Share index CSELK:ASI closed 0.45% lower at 21,032.46.* National Development Bank PLC CSELK:NDB.N0000 and Paragon Ceylon PLC CSELK:PARA.N0000 were the biggest losers on the CSE All-Share index, falling 14.2% and 10.4%, respectively.* Trading volume fell to 48.7 million shares from 82 million in the previous session.* The equity market's turnover fell to 1.88 billion Sri Lankan rupees ($6 million), compared with 3.03 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers, offloading stocks worth 339.8 million rupees, while domestic investors were net buyers, purchasing shares worth 1.83 billion rupees, data showed.* For a report on global markets, click($1 = 315.4300 Sri Lankan rupees)

View stock analysis, news, and events for Paragon Ceylon Plc