diff --git a/src/MarkdownParser.cxx b/src/MarkdownParser.cxx
index ae0b0ce..dffe216 100644
--- a/src/MarkdownParser.cxx
+++ b/src/MarkdownParser.cxx
@@ -100,7 +100,7 @@ std::string make_html(std::filesystem::path const &path) {
 
 		// End ul tag if it's active and a new line doesn't contain an
 		// item.
-		if (tag_ul && buf[0] != '-') {
+		if (tag_ul && newline && buf[0] != '-') {
 			tag_ul = false;
 			html += "</ul>";
 		}