During the month of April, the performance of the Colombo Bourse was primarily weighed down by concerns over the reciprocal tariffs imposed by the U.S. on other countries. Investor anxiety intensified as it was perceived that the tariff rates imposed on Sri Lanka were higher compared to those on other regional countries. Given that the U.S. is Sri Lanka’s main export destination, this development could significantly impact export-focused listed entities. As a result, cautious investor sentiment prevailed throughout the month, despite the tariffs being temporarily suspended for 90 days.