CSE falls sharply to five-week low

THE Colombo stock market opened the ‘week in red, extending the slump into a third session with a sharp decline yesterday to close ata five-week low.

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The ASPI closed down 1.47% or 337.84 points lower at 22,644.88. The active S&P SL20 closed 1.33% lower, down 84.90 points to 6,279.71.

Market turnover was over Rs. 4.95 billion on over 145.8 million shares traded. Foreigners were net buyers with a net inflow of over Rs. 83.2 million.

NDB Securities said the ASPI closed inred asa result of price losses in counters such as Hatton National Bank, Richard Pieris & Company and National Development Bank.