Colombo stock market begins new week on negative note

THE Colombo stock market began a new week on a negative note with relatively low investor activity.

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The benchmark ASPI declined by 0.58% and the active S&P SL20 by 0.5%. Turnover was Rs. 2.4 billion involving 153.8 million shares.

First Capital said the market started the week off on a dull note with dormant investor participation and weak sentiment. The ASPI remained volatile throughout the session, ultimately dipping by around 106 points. The index fell sharply at the open and staged a brief rebound before reversing course and succumbing to selling pressure that dragged it down.