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

India’s generosity in Ditwah’s wake, a partnership of reliability

By Krishantha Prasad Cooray Dr. S. Jaishankar, India’s foreign minister...

India’s $450 Million Cyclone Aid: Relief, Strategy and Indian Ocean Stakes

India’s decision to extend a USD 450 million financial...

Why MSMEs Fall Through the Cracks After Every Disaster

 The devastation caused by Cyclone Ditvah has once again exposed a...

IMF Flags CycloneShock, Warns Sri Lanka’s Recovery at Risk

Sri Lanka’s fragile economic recovery has been dealt a...