ASPI recovers strongly as market rebounds from recent sell-off

By Almas Equities Research

The Colombo Stock Exchange staged a recovery on Tuesday (25th November 2025), as the ASPI climbed 175.03 points (+0.77%) to close at 22,819.91, retracing part of the sharp sell-off seen in the previous session. Improved investor sentiment supported the rebound, with buyers stepping in to take advantage of lower prices following the near 5% market correction.

The S&P SL20 also ended higher, gaining 19.04 points (+0.30%) to finish at 6,298.75, reflecting cautious optimism among large-cap counters.

The Banking sector led market turnover, contributing LKR 1.25 Bn. HNB.N emerged as the top contributor, posting LKR 583 Mn in turnover with 1.45 Mn shares traded, signaling strong institutional participation.

Total market turnover reached LKR 4.06 Bn, with 109 Mn shares changing hands. Crossings accounted for LKR 1.41 Bn (35% of total turnover), led by HNB.N with a block trade of LKR 480 Mn, while JKH.N recorded the largest crossing by volume, trading 10.9 Mn shares.

Market breadth showed a marked improvement, with 151 gainers against 64 decliners, highlighting a renewed buying interest and recovering investor confidence following recent weakness.

On the performance front, CINS.N was the top gainer, adding 19.8 points to the ASPI, followed by NDB.N, MELS.N, BIL.N, and SUN.N.

Conversely, JKH.N was the biggest drag, losing 9 points, while DIAL.N, CARG.N, LION.N, and VONE.N also contributed to the modest downside.

Among notable trades, BIL.N attracted strong activity, recording a turnover of LKR 90 Mn with 13 Mn shares traded, closing with a 5% price gain, reflecting short-term speculative interest in the counter.