📉 CSE Slumps to Five-Week Low Amid Selling Pressure

• The Colombo Stock Market extended its slump into a third session, registering a sharp decline to close at a five-week low. • The ASPI dropped 1.47% (337.84 pts) to close at 22,644.88, while the active S&P SL20 lost 1.33%. • Total market turnover was over Rs. 4.95 billion on over 145.8 million shares traded. • Despite the broad market decline, foreign investors were net buyers, recording an inflow of over Rs. 83.2 million. • The market breadth was strongly negative, with 239 price decliners compared to only 28 gainers. • The Capital Goods sector was the top turnover contributor (accounting for 33%), led by Hemas Holdings and Colombo Dockyard, but its sector index lost 1.40%. • The Banking sector was the second-highest contributor and saw its index decrease by 1.62%. • Selling pressure dragged the index down, with counters like Hatton National Bank (HNB), National Development Bank (NDB), and John Keells Holdings (JKH) being the top negative contributors.