Sri Lankan shares fell for a third straight session on Wednesday as a downgrade by Fitch Ratings of some companies that hold dollar bonds hit investor sentiment, traders said, days after the ratings agency downgraded the country's sovereign rating.
Fitch downgraded the ratings of listed firms such as Sri Lanka Telecom Plc, DFCC Bank Plc, and People's Leasing and Finance Plc, while state-owned Bank of Ceylon, National Savings Bank, Sri Lanka Airlines and Sri Lanka Insurance also were brought down by a notch.
Sri Lanka's benchmark share index closed 0.57 percent lower, or down 34.99 points, at 6,078.41, the lowest close since April 10, 2014.
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