A wave of panic selling swept through the Colombo Stock Exchange today, dragging both major indices sharply lower and signaling one of the most turbulent trading sessions seen in recent months.
The Colombo Stock Exchange closed firmly in negative territory as investors reacted to rising uncertainty and intense selling pressure. Heavy volumes and unusually high turnover dominated the session, with many investors opting to liquidate their positions. Market analysts noted that widespread fear, speculative trading and concerns about short term volatility played a significant role in the downturn.
The trading floor saw 132,091,942 shares changing hands, reflecting an active but distressed market environment. The total transaction value reached Rs. 3,968,871,733.20, underscoring the scale of selloffs that contributed to the market decline.
The All Share Price Index reflected the day’s gloomy sentiment as it closed at 21,497.08 after declining by 329.51 points, marking a percentage drop of 1.51 percent. The S and P Sri Lanka 20 Index also recorded a significant fall, closing at 5,925.63 after a decline of 105.03 points, which amounted to a percentage decrease of 1.74 percent. These drops indicate the overall weakness in the market and the growing anxiety among investors.
Today’s downturn shows the impact of market psychology, investor sentiment and rising risk aversion as the Colombo Stock Exchange navigates another challenging trading day.
