CSE extends gains as mixed sentiment drives moderate rally

By Almas Equities Research

The Colombo Stock Exchange (CSE) maintained its upward momentum on Tuesday, with the ASPI rising 55.97 points (+0.26%) to 21,282.84, while the S&P SL20 added 16.01 points (+0.26%) to 6,073.14. Investor sentiment remained mixed, with some participants booking profits and others increasing accumulation amid expectations of further market gains. Intraday volatility remained elevated, though the ASPI traded within a narrow 90-point range between its high and low.

Turnover reached LKR 6.56 Bn, with crossings contributing LKR 1.21 Bn (18% of total turnover). The largest crossing by value came from LOLC.N at LKR 370.5 Mn, while CALH.N recorded the largest volume with 13 Mn shares traded.

The Diversified Financials sector led market activity, accounting for 22% of total turnover, largely driven by LFIN.N, which generated LKR 176.8 Mn.

Market breadth was negative, with 89 gainers versus 128 decliners. HAYL.N led the positive contributors, adding 21.65 index points, followed by LOLC.N, BIL.N, DIMO.N, and CCS.N. JKH.N was the largest drag, subtracting 16.19 points, alongside CARS.N, SIRA.N, COMB.N, and PABC.N.

Among notable trades, BIL.N emerged as the day’s highest turnover counter with LKR 496.9 Mn, supported by a 5.19% price gain.