CSE Drops Steeply Post-Cyclone Ditwah 📉

The Colombo Stock Market began December and the new week with a steep decline, driven by panic selling following the recent adverse weather conditions. • Indices Performance: • ASPI: Fell sharply by 3.04% (690.76 pts) to close at 22,022.06. • S&P SL20: Lost 2.89% (181.16 pts). • Key Figures: • Turnover: Over Rs. 5.2 Billion. • Foreign Flow: Net sellers, recording an outflow exceeding Rs. 106.2 Million. • Sector & Industry Highlights: • Capital Goods was the top contributor to turnover (29.1%), despite the sector index losing 1.72%. • Banking was the second highest contributor, with the sector index decreasing by 3.56%. • A notable trend was increased investor interest in Construction counters, anticipating future rebuilding activity following flood-related damage.