Colombo, Feb 5 – The Colombo Stock Exchange (CSE) experienced a dramatic decline today, with the All Share Price Index (ASPI) plunging by 500.39 points, marking the steepest single-day drop in its history. By the end of trading, the ASPI stood at 16,456.10 points.
The S&P SL20 index, which tracks the top 20 blue-chip stocks, also saw a sharp decline, losing 167.18 points to settle at 4,898.04 points.
Despite the crash, the day’s turnover reached 6.3 billion rupees, indicating active market participation amid the turmoil.
The significant drop raises concerns among investors and market analysts, as economic uncertainties and external factors may have contributed to the steep decline. Further reactions from financial experts and regulatory authorities are expected in the coming days.
