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,…
Sri Lanka stocks continue to extend losing streak on profit taking
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth