📉 Bearish Sentiment Grips Colombo Bourse as ASPI Slumps 1.57%

The Sri Lankan stock market experienced a notable downturn today (June 8), driven by escalating Middle East tensions and a broader regional sell-off following Israeli strikes on Iran. • Market Indices: The benchmark All Share Price Index (ASPI) shed 340.85 points to close at 21,403.28, down 1.57%. The S&P Sri Lanka 20 Index fell by 55.58 points (0.92%) to finish at 5,968.42. • Turnover & Participation: Despite the price drops, market activity remained robust with a daily turnover of Rs. 2.61 Bn. Local trading heavily dominated the floor, with domestic participants accounting for 96.0% of the total volume. • Foreign Fund Flows: Foreign participation was limited at 4.0%, resulting in a net foreign outflow of Rs. 54.12 Mn. Foreign sales reached Rs. 132.39 Mn against purchases of Rs. 78.28 Mn. • Global Context: The domestic slump mirrors a wider Asia-Pacific decline. Regional markets were rattled by the geopolitical escalation, which triggered a 3% surge in global oil prices and strengthened the US dollar.