CSE extends bullish streak for third day; ASPI nears 21,000

By Almas Equities Research 

The Colombo Stock Exchange extended its bullish run for the third consecutive session today with the ASPI advancing 189.84 points (+0.91%) to close at 20,965.26, while the S&P SL20 climbed 68.30 points (+1.16%) to settle at 5,971.30. Market activity remained healthy, recording a turnover of LKR 6.86 Bn on a volume of 254.63 Mn shares. Crossings accounted for LKR 882.69 Mn (13% of turnover), led by LLUB.N (LKR 293.42 Mn) by value and LDEV.N (2 Mn shares) by volume.

The Diversified Financials sector continued to dominate, contributing 24% of total turnover, primarily supported by strong activity in FCT.N, which recorded LKR 294 Mn in board trades alongside a notable price gain. Market sentiment remained firmly positive with 140 gainers outpacing 81 decliners, underscoring sustained investor confidence.

On the index contribution front, NTB.N (+20.77 points) led the positive movers, followed by DFCC.N, JKH.N, CINS.N, and MELS.N, while CTHR.N (-17.55 points) topped the laggards, with BUKI.N, CDB.N, ASIR.N, and SEMB.N also weighing on the ASPI. Notably, FCT.N emerged as the highest turnover counter of the day, reflecting strong institutional and retail interest.