The Colombo Stock Exchange (CSE) experienced a significant drop today (03), ending an unprecedented 26-day rally. Key indices recorded substantial declines, with the All Share Price Index (ASPI) falling by 299.13 points to close at 16,049.42. The S&P SL20 Index also dropped by 46.05 points, closing at 4,925.82.
The day’s trading turnover reached Rs. 11.48 billion, with notable contributions from:
- Browns Investments: Rs. 1.03 billion
- John Keells Holdings: Rs. 882 million
- HNB: Rs. 401 million
- Sampath Bank: Rs. 350 million
- LOLC Holdings: Rs. 305 million
The downturn was attributed to falling share prices in key companies, including Sampath Bank, Commercial Bank, LOLC Holdings, Melstacorp, and Hayleys. A total of 189 companies reported lower share prices compared to the previous trading day.
Market analysts cited profit-taking and investor caution following the sustained rally as primary factors behind the decline.
