Sri Lanka Stock Market’s All Share Price Index crashes by over 3%

Colombo Stock Exchange’s All Share Price Index falls by over 200 points, whilst S&P SL20 fell by over 100 points

 

Sri Lanka’s only Capital Market All Share Price Index that rose 6.46% on 18^th May 2009 soon after the war was ended against Tamil terrorist group Liberation Tigers of Tamil Eelam (LTTE), crashed down by 3.63% just nearly after 10 years on 23^rd April 2019 when the country witnessed first regular market trading day after the Capital Colombo and Heart of Roman Catholics in Sri Lanka – Negombo, and Batticaloa was hit by some ISIS Terrorist Attacks.   

 

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) fell 203.77 points on 23^rd of April 2019 and closed at 5,402.58 whilst the S & P SL20 closed at 119.36 points, closing at 2,590.91. Accordingly the ASPI fell 3.63% and the S&P SL20 fell 4.40%. Market recorded a daily turnover of Rs. 226.88 million with 12.98 million shares changing hands. The Sri Lankan ASPI crashed by 2.6% on early trading which was opened later by one hour at 10:30 a.m. on 23^rd April 2019, after a Market holiday on 22^nd due to the security environment of the country after 21^st April 2019 attacks.  

 

Just two nights after the historic attacks that also hit two key Listed Colonial era commenced conglomerates owned two Companies owned hotels, Kingsbury Colombo owned by Hayleys group and Cinnamon Grand owned by John Keells Holdings group and International Shangri La chain managed Shangri La Colombo, on 23^rd April 2019 afternoon the terrorist group ISIS has claimed responsibility for the 8 bomb attacks on churches and hotels in Sri Lanka that killed at least 321 people on Easter Sunday, but provided no evidence.

 

In a bulletin posted by ISIS’s Aamaq news agency, ISIS said that “The perpetrators of the attack that targeted nationals of the countries of the coalitions and Christians in Sri Lanka before yesterday are fighters from the Islamic State,” according to a translation by the Associated Press.

 

Back in time just two years after being established as Colombo Stock Exchange (CSE), exactly 32 years ago on 21^st April 1987, Sri Lanka was also hit by a 80-pound (36 kg) bomb killed 113 people and left a 10-foot (3 m) crater in the ground, at the Central Bus Station Bombing in Colombo which was a car bombing planned by then LTTE.

 

– Reporting by Devendra Francis

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