Bourse records scond YTD highest dip

The Colombo Bourse struggled to maintain the momentum of the previous week, with both indices closing the day in red. Banking sector companies and conglomerates dragged the indices down steeply amidst the uncertainties surrounding the upcoming election.

Notably, COMB experienced selling pressure ahead of tomorrow – the final day of the renunciation of its rights shares, leading to a 27-point drop in the ASPI. Meanwhile, almost every sector witnessed price declines across the board. Consequently, ASPI halted the day in red at 11,252 plummeting to over 4-month low, losing 191 points marking the year to date second highest loss. First Capital Research

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