ASPI extends uptrend amid volatile trading and strong earnings momentum

By Almas Equities Research

Colombo, 12th November 2025 – The Colombo Stock Exchange (CSE) sustained its positive momentum, closing higher despite a volatile trading session. The ASPI surged over 187 points during early trading, driven by strong investor optimism, before easing in the latter half to settle with a 77-point gain, maintaining its upward trajectory.

As of 12th November, 137 companies have released their quarterly earnings, collectively reporting LKR 86.34 billion in net profits, marking a 28.3% QoQ growth and a 61.2% YoY increase. Investor sentiment remained upbeat, fueled by robust earnings releases and renewed buying interest in fundamentally strong counters.

The ASPI closed up 77.54 points (+0.33%) at 23,659.70, while the S&P SL20 advanced 29.00 points (+0.44%) to 6,557.60. Market turnover stood at LKR 7.23 billion, supported by a share volume of 190.38 million shares.

The Capital Goods sector once again dominated trading, contributing LKR 1.85 billion (25% of total turnover). JKH.N led sectoral activity, generating LKR 444.6 million, reflecting strong institutional participation and continued investor confidence.

Crossings accounted for LKR 981.45 million (14% of total turnover). The largest crossing by turnover was recorded in HNB.N at LKR 139.4 million, while HBS.N posted the largest crossing by volume with 7.0 million shares traded.

Market breadth reflected mixed sentiment, with 98 gainers and 123 decliners, indicating mild consolidation following the recent upward rally.

Top positive contributors to the index included RICH.N (+27.72 points), followed by JKH.N, SFCL.N, VONE.N, and SPEN.N. On the downside, CARS.N (-6.34 points) led the drag, while CFIN.N, CTHR.N, COOP.N, and MELS.N also weighed on the index.

Among notable trades, RICH.N stood out with a turnover of LKR 340 million and 7.41 million shares traded, signaling heightened retail participation and short-term speculative interest in the counter.