Colombo shares lose steam

Colombo equities plunged 1 per cent on Tuesday's early trading, after suffering its worst one day fall on Monday since February 2015, as analysts said that the market faced severe selling as investor’s off-loaded shares on profit taking and global growth concerns.

Most of Asian markets are showing major losses on fears of a China-led global economic slowdown.

Today's losses were driven by price declines in blue chips such as JKH and by 12 noon the All Share was down by 1.08 per cent to show  7,251.98 and S&P Index lost 1 per cent to stand at 3,984.87 on a Rs. 757 million turnover.

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