Sri Lankan shares slip further

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

June 09, 2008 (LBO) – Sri Lankan shares ended weaker Monday on thin trading as weak sentiment continued with investors worried about high inflation and interest rates and lower company earnings, brokers said.

Price losers outnumbered gainers 76 to 39, Bartleet Mallory Stockbrokers said. The All Share Price Index lost 0.28 percent (6.94 points) to end at 2,492.68 while the more liquid Milanka lost 0.31 percent (9.37 points) to end at 2,995.88. Turnover was 182.5 million rupees.

Brokers said investors preferred to put their money in high-yielding money market instruments given the high interest rates.