The stock market has mirrored the political risk and uncertainty tied to the presidential election concluded on the 22nd of 2024. The All Share Price Index (ASPI) began its decline in June, anticipating a potential change in the current administration, with a sharper drop evident since mid-August.
In July, the ASPI fell by 5.8%, followed by a further 4.7% decline in August, while the average daily turnover dropped by 27% during the same month. Notably, today's turnover reached LKR 3.96 billion, the highest since the end of July, indicating renewed market activity.