Sri Lanka, Aug. 5 -- The Colombo Stock Market faced selling pressure today after the index briefly crossed the psychological 20,000 mark in early trading.

However, the upward momentum was short-lived, as a wave of selling dragged the market lower. By the close of trading, the index had dropped 128 points, ending the day in the red at 19,786. Banking sector stocks and conglomerates exerted negative pressure on the index, with JKH, MELS, NDB, AEL, and BUKI emerging as the top negative contributors.

Published by HT Digital Content Services with permission from Daily News Sri Lanka....