Colombo Stock Market, All Share Price Index (ASPI) is currently heading downwards after reaching the peak of ASPI 11,724 on 8th August 2023. As can be seen from the above chart, Colombo Stock Market has taken a significant dive by shedding more than 1,000 points (10%) of its previous gains during the 2H2023. Market is currently fluctuating between ASPI 10,500-10,900 level since October 2023 whilst falling to ASPI 10,471 on 28th November 2023 lowest for 2H2023. Colombo Stock Market recorded low of ASPI 8,262 on 13th January 2023 and gained more than 30% during the 1H2023. According to the current trend the stock market is expected to fall below the ASPI 10,000 levels in 2024.
https://www.srilankachronicle.com/t63135-colombo-stock-market-yet-another-opportunity-to-exit-profit