2019/03/27

Stocks down, rupee up

Sri Lankan shares closed at their lowest in more than six years on Tuesday, ending weaker for a seventh straight session, dragged down by telecommunication and banking stocks. The market awaits for some positive news from the third and final vote on the 2019 Budget scheduled for 5 April, market sources said. The Colombo Stock Exchange index ended down 0.29% at 5,513.67, its lowest close since 19 December 2012. The benchmark stock index slipped 1.36% last week, recording its seventh consecutive weekly drop. The index has declined 8.64% so far this year. –Daily Ft


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