ASPI Posts Modest Gains Amid Sectoral Consolidation

By Almas Equities Research

The Colombo Stock Exchange ended Wednesday’s session (26th November 2025) on a modest positive note, with the ASPI adding 24.32 points (+0.11%) to close at 22,844.23. The index initially surged 137 points within the first hour, reflecting early optimism, but selling pressure gradually moderated gains as investors sought clarity following the earnings season.

The S&P SL20 also ended higher, gaining 12.55 points (+0.20%) to finish at 6,311.30, signaling selective buying across large-cap counters.

The Capital Goods sector led market turnover, contributing LKR 943 Mn. AEL.N was the top contributor, recording LKR 273 Mn in turnover with 3.9 Mn shares traded, closing with a 2% price gain, of which 87% was executed through the board.

Total market turnover amounted to LKR 3.44 Bn, with 157.3 Mn shares changing hands. Crossings accounted for LKR 0.72 Bn (20% of turnover), led by HHL.N with a block trade of LKR 150.6 Mn and 4.2 Mn shares exchanged.

Market breadth remained cautious, with 117 gainers versus 100 decliners, reflecting ongoing consolidation pressure after recent market advances.

On the performance front, HNB.N led the gains with a 13.12-point contribution, followed by DOCK.N, DIMO.N, AEL.N, and PKME.N.

Meanwhile, RICH.N weighed on the index, losing 12.22 points, alongside declines in HARI.N, BIL.N, LION.N, and MELS.N.

Among notable trades, AEL.N attracted significant investor attention, highlighting continued participation in fundamentally strong counters amid a broadly consolidating market.