The market fell 0.33 percent on Monday and 0.58 percent on Tuesday.
The benchmark Colombo All Share Price Index closed 4.52 points lower at 5,700.74, down 0.08. The S&P SL20 closed 4.03 points lower at 3,157.87, down 0.13 percent.
Turnover was 700.12 million rupees in a day that 82 stocks gained and 75 firms lost ground.
Foreigners bought 561 million rupees of shares, while selling only 200 million rupees of shares.
Ceylon Tobacco Company, closed 32.4 rupees lower at 1,046.80 rupees and Nestle closed 25.1 rupees lower at 1,975 rupees.
Lion Brewery closed 10.60 rupees lower at 389.40 rupees and Distilleries was down 2.0 rupees to close at 178 rupees.
Sri Lanka Telecom closed 1.4 rupees higher at 39.90 rupees and Asian Hotels and Properties gained 3.20 rupees to close at 68.70.
JKH which featured in three off-market trades closed 20 cents higher at 212 rupees.