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Mawratanews.lk | Sri Lanka Latest Sinhala News and Headlines
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Sri Lanka’s stocks slump in mid-day trading I Sri Lanka Latest News

October 16, 2023
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Sri Lanka’s stocks slump in mid-day trading I Sri Lanka Latest News
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Sri Lanka shares opened green on Monday morning before slumping in mid-day trading to red due to weak sentiment.

Turnover was at 216 million.

The All Share Price Index was down 0.16 per cent or 16.86 points to 10,796.17, while the S&P SL20 was down 0.33 per cent or 10.03 points to 3,032.07.

“Market is marginally down about 19 points. We are experiencing a bit of a weak sentiment,” an analyst said.

“Especially in the primary dealing counter, with possibly the delay in call-in rates, or any sort of conclusion in the debt restructuring.

“We do see a bit of interest in the blue-chip John Keells with some buying interest coming in, but still on a very lower scale.”

“You can see the weak investor interest in the market and the weak approach with everyone waiting for the upcoming budget and the debt restructuring to finish.” 

Source: Economynext

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