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Home » Sri Lankan stocks lose over 30 pct in 2022

Sri Lankan stocks lose over 30 pct in 2022

by Pathirara Senarath
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COLOMBO, Dec. 31 (Xinhua) — Sri Lankan stocks lost over 30 percent in 2022, according to the latest data from the Colombo Stock Exchange.

Stock traders, speaking to local media, said that this was due to the political and economic instability in 2022.

However, the data also showed that indices posted gains in the final week of trading in 2022.

In the last week of trading, the All-Share Price Index (ASPI), which measures the movements of the overall market, gained 109.7 points, while the Standard & Poor’s Sri Lanka 20 (S&P SL20), which follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange, gained 11.9 points.

Despite the overall setbacks, the net foreign inflow to the Colombo Stock Exchange soared to a 10-year high of 30.6 billion rupees (84 million U.S. dollars) in 2022.

Source: English News

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