CSE continues positive momentum on strong investor sentiment

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed on a positive note today, maintaining its upward trajectory with an increase of 81.89 points, or 0.47%, to close at 17,434.94. Similarly, the S&P SL20 Index recorded a gain of 27.12 points, representing a 0.55% rise, to end the day at 5,186.78. The sustained upward movement in both indices reflects growing investor confidence and robust market sentiment, underscoring continued buying interest across the market.

Total market turnover amounted to LKR 5.595 billion, with 222.07 million shares traded. Market breadth reflected a positive sentiment, with 127 gainers and 93 losers contributing to the overall movement of the ASPI.

John Keells Holdings PLC (JKH.N) emerged as the top contributor to the ASPI, adding 15.46 points, while Ceylon Tobacco Company PLC (CTC.N) was the largest detractor, subtracting 12.77 points. The Capital Goods sector led sectoral turnover with LKR 1.255 billion, accounting for nearly 22% of total market turnover.

Crossing transactions played the significant role in today trading session, contributing approximately LKR 0.465 billion roughly 8% of the day’s turnover. The largest crossings were recorded in shares of  Peoples Leasing and Finance PLC (PLC.N), totaling LKR 185  million with 10 million shares traded.