ECONOMYNEXT – The Colombo Stock Exchange’s (CSE) All Share Price Index continued its losing streak for a fourth session due to profit taking in the market, brokers said.
“In the morning market went up about 120 points. Then it came down,” Ranjan Ranatunga, Assistant Vice President – Research at First Capital said.
Ranatunga said, in response to a query, that it is normal to see a bit of volatility following the budget presentation and this volatility might continue in the following days.
“Profit taking is the main sentiment causing selling pressure.”
The All Share Price Index (ASPI) dipped 0.74 percent, or 172.02 points, from Monday to 23,051.66. The index was dragged down by diversified financials, diversified conglomerates and banking shares.
Meanwhile, the more liquid S&P SL20 index closed 0.52 percent, or 33.46 points lower, at 6,376.54.
“Banks and diversified financials brought the market down,” Ranatunga said.
Top negative contributors to the ASPI were Senkadagala Finance (down 105.25 rupees at 1,194.75), HNB (down 4.50 rupees at 412.25), Richard Pieris & Company (down 1.40 rupees at 42.20 rupees), DFCC Bank (down 3 rupees at 163.50), and Dialog Axiata (down 60 cents at 30.40 rupees).
“Turnover was substantially lower than the monthly average of 6.8 billion,” he said.
Market turnover continued its fall from 4.45 billion rupees to 4.43 billion, while the share volume was 137,811,901.
September quarter profits at Sri Lanka’s Teejay and Ceylon Electricity Board (CEB) have plunged.
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In Asia, several equity markets fell on Tuesday.
Japan’s Nikkei 225 index continued its fall to a seven month low, Japan’s The Mainichi newspaper said.
“Tokyo stocks dropped Tuesday, with the benchmark Nikkei index falling more than 3 percent, led by a plunge in tech issues and growing uncertainty over the U.S. economy, while concerns over Japan’s fiscal health spurred a selloff in the yen and government bonds.”
The index fell 3.22 percent to 48,702.98.
Pakistan’s KSE 100 index was trading 0.43 percent lower at 160,987.80.
India’s Nifty 50 index moved 0.40 percent lower to close at 25,910.05, while the BSE Sensex moved 0.33 percent down to 84,673.02. (Colombo/Nov18/2025)
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