ASPI surpasses 23,000 milestone, fueling investor optimism

By Almas Equities Research*

The Colombo Stock Exchange (CSE) continued its bullish momentum as the All Share Price Index (ASPI) surpassed the 23,000 mark, reflecting growing investor confidence and sustained market optimism.

With strong buying interest across key sectors, the market continues to build on its upward trajectory, signaling renewed enthusiasm among both retail and institutional investors.

At present, the CSE trades at a P/E multiple of 10.13x and a P/BV of 1.51x, underscoring the attractive valuations still available in the market. The year-to-date (YTD) return of 44.29% highlights the remarkable performance of Sri Lanka’s equity market in 2025.

Adding further strength, YTD market turnover has reached LKR 1.06 trillion, while total market capitalization has expanded from LKR 5.84 trillion to LKR 8.17 trillion, reflecting significant value creation over the year.

Meanwhile, the average daily turnover remains robust at approximately LKR 5.36 billion, showcasing sustained trading activity and growing market participation.

As the earnings season and national budget approach, investors remain optimistic that positive macroeconomic developments could further boost market sentiment and extend the rally.