ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trading down on Monday shortly after open, as the full extent of the disaster following Cyclone Ditwah was becoming more apparent. The All Share Price Index was down 2.84 percent, or 644.04 points, at 22,068.78; the S&P SL20 was down 2.63 percent, or 164.55 points, at 6,102.48. “There is some panic selling, which we have seen in the past, too, following a disaster,” Dimantha Mathew, Chief Research and Strategy Officer at First Capital Holdings PLC said. The ASPI dropped to 21,904 a few minutes after the opening bell. “The selling was seen…
Sri Lanka stocks plunge 2.84-pct at open after Cyclone Ditwah
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