Colombo Stock Market Shows Significant Decline following the Rapid Growth Rally

The All Share Price Index (ASPI) dropped by 299.13 points to close at 16,049.42, while the S&P SL20 Index fell by 46.05 points, ending at 4,925.82.

The day’s turnover reached Rs. 11.48 billion, with major contributions from Browns Investments (Rs. 1.03 billion), John Keells Holdings (Rs. 882 million), HNB (Rs. 401 million) and Sampath Bank (Rs. 350 million).

The downturn was driven by falling share prices in Sampath Bank, Commercial Bank, LOLC Holdings, Melstacorp, and Hayleys. In total, 189 companies recorded lower share prices compared to the previous trading session.