Colombo, Sri Lanka – The Colombo Stock Exchange (CSE) witnessed a sharp decline during the first hour of trading today, as panic selling gripped investors across the board.
By 11:00 a.m., the All Share Price Index (ASPI) had plummeted by 377.13 points, dropping to 15,280, while the S&P SL20 Index, which tracks the performance of the 20 largest and most liquid stocks, fell by 125 points, reaching 4,517.
Market analysts say the sudden drop reflects heightened investor anxiety, with a notable increase in sell-offs observed across multiple sectors.
The cause behind the sell-off was not immediately clear, but traders noted that broader economic concerns and recent political developments may have influenced investor sentiment.
More details are expected as the market reacts throughout the day.
