Sri Lankan shares fell for a third straight session on Tuesday to their lowest close in nearly 19 months due to rising yields and as investors sold their holdings to settle margin trading, brokers said. The main stock index pared early losses and closed 0.65 percent, or 41.37 points, weaker at 6,283.24, its lowest close since June 27, 2014.
The stock market had shed about 8.9 percent this year through Tuesday's close due to foreign outflows, triggered by global concerns over China's economy. Foreign investors, who have sold a net 2.35 billion rupees worth of equities so far this year, bought a net 5.5 million rupees ($38,194.44) on Tuesday.