CSE closes higher with strong turnover, mixed market sentiment

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed on a positive note today, driven by increased market activity and sustained investor interest. The upbeat momentum continues, supported by encouraging earnings reports that reflect strong performance across different sectors.

The All Share Price Index (ASPI) continued its positive momentum throughout the session, ultimately inclining 55.24  points (0.33%) to close at 16,712.87. Similarly, the S&P SL20 index inclined by 9.55 points (0.19%) to end the session at 4,918.62.

Total market turnover amounted to LKR 4.27 billion, with 208.05 million shares traded. Market breadth reflected a mixed sentiment, with 94 gainers and 100 losers contributing to the overall movement of the ASPI.

Hemas Holdings (HHL.N) emerged as the top contributor to the ASPI, adding 13.44 points, while John Keells Holdings (JKH.N) was the largest detractor, subtracting 15.48 points. The Capital Goods sector led sectoral turnover with LKR 1.102 billion, accounting for nearly 25% of total market turnover.

Crossing transactions played the significant role in today trading session, contributing approximately LKR 0.80 billion roughly 18% of the day’s turnover. The largest crossings were recorded in shares of  Dialog Axiata PLC (DIAL.N), totaling LKR 138.53  million with 7.91 million shares traded.