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Tuesday, 09 February 2016 - 10:19
Stock Market Ends Weaker In Dull Trade
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Shares edged down in thin trade to a one-week low on Monday as global economic woes dented sentiment and investors looked for macroeconomic cues after the International Monetary Fund reports stated that the country’s 2016 fiscal deficit could widen further.

The IMF on Friday urged Sri Lanka to take steps to reduce its fiscal deficit and raise tax revenues to help improve its balance of payments.

The main stock index ended 0.05% weaker at 6,401.66, its lowest close since 1 February.

Turnover was Rs. 389.4 million ($2.72 million), less than half this year’s daily average of Rs. 810.2 million.

The index has fallen 7.1% this year through Monday as foreign investors, unnerved by global concerns over China’s economy, cut their exposure.

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