CSE ends October on a softer note amid profit-taking

By Almas Equities Research

The Colombo Stock Exchange (CSE) wrapped up the final trading session of October on a subdued note, as the benchmark All-Share Price Index (ASPI) declined amid profit-taking following recent gains. The market remained volatile throughout the day, with the index fluctuating within a narrow range before closing marginally lower.

The ASPI slipped 34.69 points (-0.15%) to end at 22,804.84, while the S&P SL20 gained 11.20 points (+0.18%) to close at 6,213.91, reflecting selective strength among blue-chip counters. Total market turnover stood at LKR 5.60 billion, with 154.83 million shares traded during the session.

The Capital Goods sector continued to lead market activity, accounting for LKR 1.61 billion (28% of total turnover). SPEN.N was the standout performer, generating LKR 839 million in trades, underscoring robust institutional participation and continued investor confidence in the counter.

Crossings contributed LKR 1.82 billion (32% of total turnover). The largest crossing by turnover was recorded in SPEN.N, amounting to LKR 815 million, while LGL.N recorded the highest crossing by volume with 6.14 million shares traded.

Market breadth indicated a mildly negative tone, with 96 gainers and 125 decliners, suggesting consolidation after the recent upward momentum.

Among key movers, JKH.N (+18.02 points) was the top positive contributor to the ASPI, followed by SFCL.N, MERC.N, LLUB.N, and SEYB.N. On the downside, BUKI.N (-20.23 points) led the drag, while LION.N, CARS.N, RICH.N, and HARI.N also weighed on the index.

Among notable trades, SPEN.N stood out with LKR 839 million turnover across 5.14 million shares, highlighting heightened retail participation and short-term speculative interest in the counter.