CSE suffers notable decline amid market volatility

Date:

March 03, Colombo (LNW): The Colombo Stock Exchange (CSE) experienced a considerable downturn today (03), with both key indices witnessing significant losses by the close of trading.

The All Share Price Index (ASPI) plummeted by 311.37 points, settling at 16,167.30, reflecting a sharp contraction in market sentiment.

Meanwhile, the S&P SL20 Index also saw a notable decrease, falling by 103.96 points to end the day at 4,827.21.

The day’s trading activity saw a turnover of Rs. 1.5 billion, indicating lower market participation amid the downturn.

Investors appeared to adopt a cautious stance as concerns over the broader economic outlook weighed on the market.

Share post:

spot_imgspot_img

Popular

More like this
Related

Ranil Wickremesinghe is arguably the most experienced statesman in the country’s modern history

We are witnessing a silent exodus of the garment...

Power Sector Under Fire Over Dubious Coal Imports

Sri Lanka’s coal procurement process is under mounting parliamentary...

SriLanka Vehicle Tax Revenues Rise as Growth Investment Shrinks

Sri Lanka’s recovering vehicle market is generating renewed fiscal...

Marland’s Colombo Mission: Can Commonwealth Capital Revive Sri Lanka?

When Lord Marland of Odstock arrived in Colombo this...