Market records highest crash | Daily News

Market records highest crash

Market witnessed the highest intraday crash in the history on the third consecutive day of downfall due to the profit-taking of retailers.

Index experienced a strong downtrend since the beginning of the session, triggering two market halts during mid-day, due to the S&P SL20 falling by 5% & 7.5%.

Market recorded its intraday low of 7,837 before closing at 8,005 losing 562 points. Capital Goods sector led the turnover for the session with a contribution of 30%.

Market recorded low foreign participation dominated by the selling side resulting in a net outflow.

Earlier, the biggest drop was recorded on October 5, 2020, when the ASPI dropped by 462.99 points. Meanwhile, yesterday the Colombo Stock Exchange halted trading twice for 30 minutes each after it’s blue-chip index first dropped 5% and then 7.5% from its previous closing level.

Earlier, the biggest drop was recorded on October 5, 2020, when the ASPI dropped by 462.99 points.

Meanwhile, yesterday the Colombo Stock Exchange halted trading twice for 30 minutes each after it’s blue-chip index first dropped 5% and then 7.5% from its previous closing level.