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Above Table indicate % Loss of Banking Sector share value since end September 2023. As predicted by market experts shares prices of all banks have fallen since September 2023. PABC Bank has lost 12.87% share value, closely followed by Seylan Bank with a loss of 11.20%. HNB Bank is the best loser with only 2.47% loss. Accordingly to market experts, the Banking sector share prices are likely to fall further during the remaining weeks of November and in the month of December due to current economic situation and the expected contraction of the financial sector.
Banking Sector Index Movement
Colombo Stock Market: Banking Sector Index (SPCSEBP) has recorded a decline of 16% since its all time high of 901.53 in August 2023 and currently trending downwards.
Previous Analysis: https://www.srilankachronicle.com/t63110-how-banking-sector-shares-fell-in-october-2023
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