Sri Lankan shares fell for a sixth straight session on Monday amidst political uncertainty on the island, ever since Maithripala Sirisena took up office as Sri Lanka's president in January.
Sri Lanka's main stock index closed down 1.33 percent at 6,782.43 points – the lowest level since July 2014.
"Investors have been selling blue chips and political uncertainty still weighs," said a stockbroker speaking anonymously to Reuters, whilst another broker told Lanka Business Online "investors are on a continuous selling spree due to lack of political and policy stability in the country.”
"The super gain tax and the rise in market interest rates have had an effect on the the banking profit margin making it thinner," the broker added.
Also see our earlier post: Sri Lankan stocks reach 3 month low due to presidential election uncertainty (28 Nov 2014)
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