Colombo stocks get brunt of COVID 19

News

The Colombo Stock Exchange (CSE) which saw trading temporarily suspended for 30 minutes from 9.42 am to 10.12 am on Tuesday, owing to S&P SL20 Index falling below 5 per cent, closed weaker at the close.
The S&P index fell 124.28 points or 5.01 per cent soon after it opened for trading on Tuesday following a long weekend break. On a Rs. 1.3 billion turnover, the All Share Price Index was down by 4.41 per cent to close at 5,121.91 points while the S&P crashed by 4.75 per cent to close at 2,361.75
The CSE has fallen 1,035 points since the start of this year with Rs. 4.4 billion net selling during this period.
The coronavirus is starting to impact the CSE with foreign investors exiting from the emerging exchanges due to the impact of the coronavirus outbreak, analysts said. (DEC)

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