Shares traded down Wednesday, but analysts said selling pressure was waning with investors looking to pick up stocks

Weak investor interest in the market continued

Sri Lanka's stock indices were in the green on Tuesday morning as bargain hunters sought to pick up some shares

Sri Lanka shares opened green on Monday morning before slumping in mid-day trading to red due to weak sentiment.

Uncertainty regarding geo-political tensions, and pending tax hikes on the cards in upcoming budget affected sentiment

But market reverted to negative in mid-day trading with sizable selling pressure, an analyst said.

Sri Lanka shares were trading slow on Monday morning after rates went up last week

Shares closed down on Friday due to uncertainty around delay in IMF second tranche and budget

Intermediaries should have board-approved policy to comply with Securities and Exchange Act and officer to implement it

Uncertainties around the IMF and also the upcoming budget, whether there could be more taxes.