Sri Lankan shares settle lower, dragged by IT and communication services

About this update from Hunter & Company Plc

Sri Lankan shares closed lower on Thursday, dragged by losses in Information technology and communication services stocks.* The CSE All-Share index CSELK:ASI fell 3.2% to 23,652.51. * Hunter & Company PLC CSELK:HUNT.N0000 was the biggest loser on the CSE All-Share index, falling 13.2%, while Office Equipment CSELK:OFEQ.N0000 was the biggest gainer with a 25% rise.* Trading volume rose to 224.2 million shares from 170.9 million shares in the previous session.* The equity market's turnover rose to 4.84 billion rupees ($15.65 million), compared with 3.35 billion rupees in the previous session, according to exchange data.* Foreign investors were net sellers of shares worth 58.9 million rupees in the equity market, while domestic investors were net buyers of shares worth 4.83 billion rupees, data showed.* For a report on global markets, click ($1 = 309.3000 Sri Lankan rupees)

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