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Sri Lanka's Stock Market Gains 421 Points in Response to US Election Results
A notable rise was recorded in the price indices of the Colombo Stock Exchange today, November 04. Market analysts stated that the sharp upward momentum in Sri Lanka's stock market was a direct reaction to the announcement of the US mid-term election results.
During the day's trading, the All Share Price Index (ASPI) surged by 421.45 points (or 2.09%) to close at 20,541.12 points. Simultaneously, the S&P SL20 Index climbed by 112.52 points (or 1.97%), ending the session at 5,835.09 points.
In addition to the index gains, trading activity on the floor remained active, recording a daily market turnover of Rs. 3.86 billion.
