Market slides sharply as broad-based selling pressure weighs on investor sentiment

The Colombo Stock Exchange witnessed a sharp decline during today’s trading session, as subdued investor confidence and prevailing market uncertainty triggered broad-based selling pressure from the opening bell. The market remained under pressure throughout the day, with cautious sentiment dominating trading activity amid the absence of strong buying interest.Selling pressure intensified gradually across multiple sectors, dragging both benchmark indices lower as investors continued to reduce exposure amid heightened risk aversion. The ASPI trended downward steadily during the session, ultimately recording a significant decline of 509.02 points, reflecting the weak overall market tone.
The Capital Goods sector dominated today’s market turnover, recording LKR 1.36 Bn with 45.53 Mn shares traded. HAYL.N emerged as the leading contributor within the sector, generating LKR 0.19 Bn in turnover with 0.81 Mn shares traded.