ECONOMYNEXT – Sri Lanka’s Colombo Inventory Trade (CSE) registered a two-month low, following the harmful Cyclone Ditwah, as promoting stress was seen out there, brokers mentioned.
“Market dropped by over 600 factors, primarily as a result of flood state of affairs,” Ranjan Ranatunga, Assistant Vice President – Analysis at First Capital mentioned.
Ranatunga mentioned that buyers are at the moment in an assessing stance. He believes this downtrend will proceed.
“In my view, I feel we are going to proceed to see promoting stress,” he mentioned.
The broader All Share Worth Index (ASPI) closed 3.04 p.c, or 690.76 factors down at 22,022.06 whereas the extra liquid S&P SL20 index closed 2.89 p.c, or 181.16 factors decrease, at 6,085.87.
“Promoting sentiment was seen throughout the board at present,” Ranatunga mentioned.
The CSE website didn’t checklist the shares that dragged down the ASPI on Monday.
Nonetheless, development sector shares attracted some investor curiosity as a consequence of potential reconstructions following the widespread injury attributable to Cyclone Ditwah.
Tokyo Cement (Lanka) closed 6.90 rupees greater at 98.00, Entry Engineering traded 2.40 rupees greater at 74.00, Kelani Cable rose 34.00 rupees to 1,139.50 and ACL Cables was 3.00 rupees stronger at 225.00.
“Turnover was little under the month-to-month common,” Ranatunga mentioned.
Market turnover was 5.2 billion rupees. In the meantime, the share quantity was 236,404,106.
Fairness markets in Asia traded blended as most nations are affected by a collection of pure disasters.
Japan’s Nikkei 225 index was buying and selling decrease “hit bystronger yen and rising long-term yields as remarks from the Financial institution of Japan governor brought on elevated hypothesis that the central financial institution may elevate rates of interest this month,” Japan’s Mainichi newspaper mentioned.
The index closed 1.89 p.c decrease at 49,303.28 on Monday.
Pakistan’s KSE 100 index climbed 0.85 p.c greater to 167,985.23 on open.
Indian market ended decrease on Monday as Cyclone Ditwah affected its southern areas.
“India’s fairness benchmarks struggled to carry on to report highs on Monday and the rupee declined to an all-time low as buyers apprehensive that outflows would possibly persist amid uncertainty over a commerce take care of the USA,” Reuters mentioned
Its Nifty 50 index moved 0.10 p.c decrease to shut at 26,175.75, whereas the BSE Sensex traded 0.076 p.c weaker at 85,641.90. (Colombo/Dec01/2025)
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