The Colombo stock exchange, the best-performing stock market of 2009, has slumped to become the second-worst, only just ahead of Bangladesh.
The table, compiled by Bespoke Investment Group, looks at year to date stock market returns for 78 countries.
Sri Lanka’s bourse saw the second biggest loss of -7.94% compared to last year, placing them 77th on the list.
The Island blames the slump on over regulation and quoted brokers as saying that a lack of foreign inflows is also to blame for the lack of growth.