ASPI rebounds from sharp intraday drop to close flat amid heavy volatility

The Colombo Stock Exchange witnessed a highly volatile trading session, with the ASPI plunging 187 points during the first hour before staging a strong recovery by midday. Despite continued fluctuations throughout the afternoon, the index ultimately closed nearly flat, down just 1.71 points, as investors navigated sharp intraday swings. In contrast, the S&P SL20 declined 22.22 points, reflecting selling pressure on key blue-chip counters.

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