Sri Lankan shares rose for a second straight session on Wednesday and closed at a one-week high, with Ceylon Tobacco Co Plc leading the gains.
The Colombo stock index ended 0.42 percent firmer at 6,483.47, its highest close since May 9. It hit a five-week low on Monday.
"There was slow local buying on select shares. Still we do not see a bounce-back," said Jaliya Wijeratne, CEO, First Capital Equities.
Turnover stood at 455.2 million rupees ($2.88 million), less than half of this year's daily average of 1.01 billion rupees.
Foreign investors net sold equities worth 7.3 million rupees, extending the year-to-date net foreign outflow to 669.6 million rupees worth of shares.
Meanwhile, recent fuel price hikes weighed on investor sentiment, stockbrokers said.
State-run Ceylon Petroleum Corp (CPC) raised retail prices for gasoline and diesel on Thursday midnight in response to rises in global oil prices. Lanka IOC, a subsidiary of Indian Oil Corp, also increased fuel prices the same day.
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