CSE extends bull run for seventh consecutive session

By Almas Equities Research

The Colombo Stock Exchange (CSE) extended its bull run for the seventh straight session on Wednesday, closing firmly in positive territory despite intraday volatility. The ASPI gained 55.61 points (+0.26%) to close at 21,338.45, while the S&P SL20 edged up 7.92 points (+0.13%) to 6,081.06.

The market traded within a relatively narrow 96-point range between the 21,280 – 21,380 levels, with turnover remaining healthy at LKR 5.56 Bn. A total of 185.79 Mn shares changed hands.

Crossings accounted for LKR 1.14 Bn (20% of total turnover). The largest crossing by value came from VONE.N at LKR 371.77 Mn, while the highest by volume was JETS.N with 13 Mn shares traded.

The Capital Goods sector led overall activity, contributing 26% of total turnover, primarily driven by VONE.N, which also recorded LKR 558.13 Mn in board trades.

Market breadth was modestly positive, with 109 gainers against 100 decliners. CINS.N made the largest positive contribution to the ASPI (+12.62 points), followed by LFIN.N, HAYL.N, CFIN.N, and COMB.N. On the downside, JKH.N was the biggest drag (-24.29 points), with CTHR.N, BUKI.N, NDB.N, and BIL.N also exerting pressure.

Among notable trades, VONE.N stood out as the day’s highest turnover counter with LKR 558.13 Mn, supported by a 2.75% price gain.