CSE closes quarter on a strong note with boost in turnover

By Almas Equities Research

The Colombo Stock Exchange (CSE) ended the June–September quarter on a firm footing, with the market extending its upward momentum. Turnover surged to LKR 6.27 Bn, significantly higher than yesterday’s performance, underscoring renewed investor activity.

Investor sentiment remained anchored in the Food & Beverage sector, which contributed LKR 1.23 Bn (20% of total turnover), highlighting a continued shift in sectoral preference.

At market close, the ASPI climbed 102.30 points (+0.47%) to 21,778.60, while the S&P SL20 added 7.32 points (+0.12%) to 6,126.53. Trading volume reached 154.78 Mn shares.

Crossings accounted for LKR 669.84 Mn (10% of turnover), led by CHOT.N with a block trade worth LKR 325.65 Mn from 7 Mn shares.

Market breadth leaned positive, with 114 gainers outpacing 102 decliners. DIMO.N was the top contributor, adding 18.55 index points, followed by BUKI.N, CCS.N, MELS.N, and WATA.N. On the downside, HAYL.N weighed most on the index, losing 4.19 points, alongside JKH.N, SFCL.N, RICH.N, and CARS.N.

Among notable trades, CHOT.N emerged as the session’s standout performer, recording LKR 510 Mn in turnover with a robust 12.47% price increase, making it the day’s top gainer.