ASPI suffers heavy losses amid heightened uncertainty

The Colombo Stock Exchange endured a sharp sell-off, as heightened uncertainty stemming from the recent unrest in the country severely dented investor confidence. The market opened on a deeply bearish note, with widespread panic selling dominating early trading. Within the first 30 minutes, the ASPI plunged by over 830 points before recovering nearly 511 points of the initial losses through late-morning bargain hunting.

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