Sri Lankan shares fell for a fourth consecutive session on Wednesday, posting their lowest close in four months, as local investor sentiment remained muted following a string of disappointing June-quarter corporate results. However, the decline was limited as foreign investors bought into equities. The Colombo stock index fell 0.36 percent, or 23.50 points, to 6,417.41, its lowest close since April 18.
It declined in 13 of the last 14 sessions, while yields on short-term government securities also fell over the past two weeks. Foreign investors bought shares worth a net 98.3 million rupees (about $641,854) on Wednesday, extending the year-to-date net inflow to 27.6 billion rupees.