Sri Lankan shares ended weaker on Wednesday, slipping from a near three-week high in the previous session, as foreign investors continued to exit as concerns over the country's economic growth and rising bond yields rose, Reuters reported.
Sri Lanka's economy was expected to grow 5.3 percent in 2016, but analysts now say tight monetary and fiscal policies may curb growth. The $82.2-billion economy expanded at a sluggish 2.5 percent in the December quarter.
Foreign investors sold a net Rs305.5mn ($2.10mn) worth of shares on Wednesday, extending the net foreign outflow so far this year to Rs2.09bn worth of shares.
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