ASPI crashes below 10,000 | Daily News

ASPI crashes below 10,000

The All Share Price Index crashed below 10,000 yesterday losing over 494.74 points.

The major contributors to the decline in price were LOLC and related companies alongside Hayleys and related companies. Trading for the day had to be halted at 1:10 pm due to the sharp decline in prices. The decline in the price of Hayley’s stock was alongside the ex-dividend date on March 28.

The decline in LOLC shares was alongside the consolidation and subsequent larger float of the major companies under the group. The price decline was also driven by increases in interest rates.

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