CSE Opens Week on a Positive Note with Strong Turnover

Almas Equities Research

The Colombo Stock Exchange (CSE) began the week on a positive note, extending its bullish momentum with a turnover of LKR 7.95 Bn. Investor sentiment remained upbeat, marking new highs during the session, largely supported by strong buying interest in the Banking sector, which emerged as the top contributor with LKR 1.92 Bn in turnover, accounting for 24% of total market activity.

The market witnessed heightened volatility, with a 166-point swing between the day’s low and high, signaling active participation from both retail and institutional investors.

The ASPI gained 68.34 points (+0.31%) to close at 22,163.23, while the S&P SL20 edged up 4.03 points (+0.07%) to 6,191.54. The day’s total share volume stood at 247.05 Mn.

Crossings contributed LKR 2.05 Bn (26% of total turnover), led by CARG.N with LKR 420 Mn, while CBNK.N recorded the highest volume of 24 Mn shares through crossings.

Market breadth reflected a mixed trend, with 103 gainers and 127 decliners.

Top contributors to the ASPI included LION.N (+27.39 points), followed by SPEN.N, MELS.N, BREW.N, and SAMP.N. On the downside, CARG.N (-18.59 points) led the drag, while JKH.N, DIMO.N, AEL.N, and HARI.N also weighed on the index.

Among notable trades, CBNK.N stood out as the most active counter, generating LKR 574 Mn in turnover and closing with a 6.19% price gain, reflecting strong investor demand within the sector.