Sri Lanka’s stock market crashed on Friday (13) as panic gripping world financial markets deepened.

Sri Lanka’s only Capital Market All Share Price Index (ASPI)  crashed down by 2.89% of 144.82 points to 4,874.73, dipping below the psychological 5,000 points. The index last hit lowest before today is on 24 July 2012.

Meanwhile, the S & P SL20 closed at 87.72 points, closing at 2,205.97. Accordingly, the ASPI fell 2.89% and the S&P SL20 fell 3.82%. The market recorded a daily turnover of Rs.1.04 billion with 52.6 million shares changing hands.

The market was halted for 30 minutes from 10.02 am to 10.32 am this morning (13) as S&P SL20 index dropped by 5% during the trading session from the previous close. S&P SL20 index fell 115.61 points or 5.04% to 2,178.08 and the All Share Price Index also fell 2.98%  or 149.45 points to 4,870.10. This is the third time regular trading at the CSE was temporarily halted this week.

Market capitalization stood at Rs.2,269 billion today. Year to date decline of market capitalization was 20.41%. Meanwhile, foreign participation was very low during the day. Accordingly, foreign purchases stood at  Rs. 174 million and foreign sales stood at Rs. 294 million.

As at 2020, Sri Lanka’s only Capital Market All Share Price Index has crashed down by 20.47%