Sri Lanka shares extend drop as IT, communication services drag — TradingView News

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Sri Lankan shares closed lower on Tuesday, dragged by losses in communication services and information technology stocks.

* The CSE All Share index ASI settled 0.34% lower at 19718, extending losses from Monday, when it snapped an 11-session gaining run.

* UB Finance UBF.N0000 and Sigiriya Village Hotels SIGV.N0000 were the top two percentage losers on the CSE All Share, falling 7.7% and 6.7%, respectively.

* Trading volume on the CSE All Share index fell to 142.8 million shares from 157.5 million in the previous session.

* The equity market’s turnover fell to 3.31 billion Sri Lankan rupees ($11 million) from 4.54 billion rupees in the previous session, according to exchange data.

* Foreign investors were net sellers, offloading stocks worth 277.6 million rupees, while domestic investors were net buyers, purchasing shares worth 3.18 billion rupees, the data showed.

* For a report on global markets, click

($1 = 300.7000 Sri Lankan rupees)

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