Sri Lanka's bourse fell this week, as foreign investors sold $3.52 million (460 million rupees) worth of shares on Friday, reported Reuters.
Sri Lanka's main stock index fell to its lowest point for the fourth session straight on Friday, falling by 0.43 percent. This included a fall of 2.36 percent in the top-listed lender, Commercial Bank of Ceylon PLC.
Reuters wrote,
Sri Lanka's main stock index fell to its lowest point for the fourth session straight on Friday, falling by 0.43 percent. This included a fall of 2.36 percent in the top-listed lender, Commercial Bank of Ceylon PLC.
Reuters wrote,
'Analysts said investors have been waiting for directions from December-quarter earnings and an upcoming UNHRC session in March where Sri Lanka is facing a US-sponsored resolution for alleged human rights violations.
Some stockbrokers said investors will shrug off political risks from renewed pressure by the United States to bring a fresh resolution against Sri Lanka at the UNHRC meeting in March, because the market had been expecting the worst.'