Stock market closes after a 5% drop headed by heavyweights.

Sri Lanka’s Colombo Stock Exchange (CSE) closed 26 minutes early on Monday after one index fell more than 5%, driven by market heavyweights.

“Please note that the market has been paused due to the S&P SL20 index plummeting above 5% from the previous close, per SEC Directive of 30th April 2020. The CSE halted trading for the day.

Expolanka and Lanka IOC led the index decline, each down 9.3%.

ASPI plummeted 3.8% and S&P SL20 plunged 4.9% when trading was halted.

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