Colombo Stock Market Plummeting

Thursday, 18 February 2016 - 9:59


The Colombo stock market price list slumped down yesterday (Wednesday 17th). 

Shares fell for an eight straight session on Wednesday, marking their lowest close in about 22 months as rising domestic interest rates and global economic worries dampened investor sentiment.

Sri Lanka’s main stock index ended down 0.53% at 6,220.82, its lowest close since 29 April 2014. It has fallen 2.87% in the last eight sessions to Wednesday.

The key index has fallen 9.8% this year through Wednesday, amid a rise in market interest rates.

Turnover was Rs. 425.6 million ($3 million), less than this year’s daily average of Rs. 711 million.