Sri Lankan shares closed firmer on Wednesday as investors bought beaten-down blue chips, while many market participants remained on the sidelines due to a lack of bullish news amid concerns over political uncertainty, stockbrokers said.
The Colombo stock index ended 0.25 percent higher at 6,092.65. Turnover stood at 461.6 million rupees ($2.9 million), less than a third of this year's daily average of 905 million rupees. The index on July 4 hit its lowest close since March 30, 2017, and has declined for 19 session in 24 through Wednesday. It dropped 1.4 percent last week, sliding for a seventh straight week. Foreign investor net sold equities worth 79.8 million rupees on Wednesday extending the year-to-date net foreign sale to 2.8 billion rupees.
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