CSE edges higher as block trades drive market activity

By Almas Equities Research

The Colombo stock market recorded a positive turnaround, with both indices closing in the green. The ASPI rose 34.49 points (+0.15%) to 23,768.99, while the S&P SL20 added 5.47 points (+0.08%) to close at 6,602.81. Despite the gains, overall market sentiment remained moderate, as investors rotated positions across stocks.

Market activity was dominated by the Capital Goods sector, which generated a turnover of LKR 5.50 billion on 244.90 million shares. JKH.N led the sector, contributing LKR 4.31 billion in turnover with 194.43 million shares traded, largely driven by block trades. Crossings accounted for LKR 6.66 billion, representing 60% of total turnover, with the largest crossing in JKH.N amounting to LKR 4.20 billion for 189.53 million shares.

Total market turnover stood at LKR 11.11 billion, with a share volume of 441.23 million. Market breadth remained mixed, with 131 gainers and 92 decliners, reflecting selective buying amid subdued overall pressure.

JKH.N (+13.62 points) led the positive contributors, supported by SAMP.N, DIAL.N, ACME.N, and KZOO.N. On the downside, RICH.N (-7.39 points) weighed on the indices, along with HNB.N, MELS.N, SUN.N, and SINS.N.

Among notable trades, KZOO.N recorded strong activity, posting a turnover of LKR 0.38 billion on 20.02 million shares, closing with a price gain of 24.70%, highlighting robust investor interest in select counters.