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Sri Lankan shares fall for 4th straight session; VAT proposal weighs

First Capital’s Head of Research, Dimantha Mathew speaks to Reuters Tue Sep 20, 2016

“Going forward, we don’t think this trend of correction will last long.”

COLOMBO, Sept 20 (Reuters) – Sri Lankan shares fell for a fourth straight session on Tuesday, led by large caps, as selling pressure on stocks expected to take a hit from a proposed tax increase weighed on sentiment.

The benchmark Colombo stock index ended 0.32 percent weaker at 6,429.94, its lowest close since Aug. 1. It fell 0.34 percent last week, its fourth straight weekly loss.


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