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Colombo stock market extends negative run fuelled by Middle East tensions
Daily FT
|June 17, 2025
THE Colombo stock market yesterday took last Friday’s negative run to a new week largely influenced by external factors.
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The benchmark ASPI declined by 0.4% and the active S&P SL20 by 0.7%. On Friday the dip was greater with ASPI declining by 1.3% and the S&P SL20 by 1.6%.
Turnover yesterday was Rs. 3.15 billion (lower than Friday’s Rs. 4 billion) involving 149.5 million shares.
First Capital said the market experienced another volatile trading session as heightened Israel-Iran tensions continued to rattle investor confidence. The ASPI opened the week with a sharp decline, driven by mounting concerns over the Middle East conflict. Although the index partially rebounded on the back of bargain hunting, it failed to fully recover the previous losses and closed the day in the red.
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