Paragon Ceylon PlcCSELK: PARA.N0000

Sri Lankan shares close lower, dragged by communication services stocks

· Issued by 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.

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($1 = 315.4300 Sri Lankan rupees)

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