ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange (CSE) registered a two-month low, following the destructive Cyclone Ditwah, as selling pressure was seen in the market, brokers said. “Market dropped by over 600 points, mainly due to the flood situation,” Ranjan Ranatunga, Assistant Vice President – Research at First Capital said. Ranatunga said that investors are currently in an assessing stance. He believes this downtrend will continue. “In my opinion, I think we will continue to see selling pressure,” he said. The broader All Share Price Index (ASPI) closed 3.04 percent, or 690.76 points down at 22,022.06 while the more liquid…
Sri Lanka stocks drop 3.04-pct after Cyclone Ditwah
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