Sri Lanka stocks drop 1%; turnover hits 8-month low

COLOMBO: Sri Lanka stocks slipped more than 1 percent for the second straight session with the day’s turnover hitting more than eight-month low as economic uncertainties after the currency depreciation weighed on the sentiment, brokers said.

The main All Share Price Index (ASPI) fell 112.20 points to close at 10,565.26. It has been on the fall since posted a record high daily percentage gain on Thursday (10).

The market turnover was 1.3 billion rupees, it’s lowest since July 8, 2021 and a quarter of this year’s average daily turnover of 5.7 billion rupees.