CSE closes week on a strong note amid buoyant sentiment

By Almas Equities Research

The Colombo Stock Exchange (CSE) ended the week firmly in positive territory, extending its bullish momentum as investor confidence continued to strengthen. The rally was fueled by favorable macroeconomic updates that reinforced optimism around Sri Lanka’s economic recovery. With the market setting new highs on consecutive sessions, investors are now turning their attention to the upcoming September quarter results, which will provide key insights into corporate earnings growth.

The ASPI gained 77.93 points (+0.36%) to close at 21,598.99, while the S&P SL20 rose 8.99 points (+0.15%) to 6,111.57. Market activity remained healthy with a turnover of LKR 6.02 Bn and 147.06 Mn shares traded.

Crossings contributed LKR 582.52 Mn (9.5% of turnover). The largest crossing by value was recorded in COMB.N at LKR 291.56 Mn, while HHL.N posted the highest crossing volume with 11.63 Mn shares.

The Capital Goods sector dominated activity, accounting for 21% of total turnover, driven by HHL.N, which alone generated LKR 502.73 Mn.

Market breadth was positive, with 119 gainers against 97 decliners. On the index contribution side, DIAL.N added 11.71 points, followed by HHL.N, GRAN.N, SUN.N, and KCAB.N. In contrast, SFCL.N was the biggest drag, subtracting 15.54 points, alongside CTHR.N, CTC.N, JKH.N, and DIMO.N.

Among notable trades, HHL.N stood out as the day’s highest turnover counter, closing at a new all-time high of LKR 33.70 (split-adjusted), underscoring continued investor appetite for the stock.