Business

ASPI falls below 11,000

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) experienced a significant fall on Friday (3).

Accordingly, the ASPI contracted by 293.98 points, which is a 2.35% decrease compared to the previous day’s close, and at the end of the day stood at 10,998.32. The total turnover during the day was Rs. 7.08 billion.

This represents the first day the ASPI has fallen below 11,000 points after passing that milestone on 25 November 2021.

Similarly, the S&P SL20 Index also fell by 25.78 points (0.66%) from its previous close and ended the day at 3,887.10.

The fall of the ASPI on Friday was largely due to constriction of the share price of a few companies.

The main contributor to the ASPI on Friday was Commercial Leasing and Finance (CLC), which was responsible for a 152.91-point decrease. Compared to the previous day’s close, CLC had fallen by Rs. 10.7, which represents a 21.02% decrease, and the stock closed the day at Rs. 40.20.

Other contributors to the ASPI’s fall on Friday include LOLC Finance, LOLC Development Finance, Expolanka Holdings, and LOLC Holdings.