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

About this update from Office Equipment 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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