CSE extends rally as strong buying momentum drives sharp gains

By Almas Equities Research

The Colombo Stock Exchange extended its upward momentum on 25th March 2026, building on the previous session’s strong rebound as investor optimism continued to strengthen. Elevated turnover and share volumes signaled a clear return of positive sentiment, with increased participation supporting the market’s sustained upward trajectory.

The recovery has contributed to the formation of stronger support levels, gradually offsetting the sharp declines witnessed in recent sessions. Notably, the ASPI recorded one of its highest point gains, rising by over 797 points, highlighting the strength of the rebound. Easing geopolitical tensions further enabled investors to shift focus back toward fundamentals, improving the broader market outlook.

The Food & Beverage sector led market turnover, recording LKR 1.40 Bn with 41.0 Mn shares traded. LMF.N emerged as the top contributor within the sector, generating LKR 0.46 Bn in turnover with 5.61 Mn shares traded. Crossings accounted for LKR 1.0 Bn, representing 15% of total turnover, with the largest crossing recorded in MELS.N totaling LKR 0.42 Bn involving 2.50 Mn shares traded.

At the close, the ASPI surged 797.62 points (+3.79%) to settle at 21,868.85, while the S&P SL20 advanced by 225.00 points (+3.81%) to 6,134.23. Total market turnover stood at LKR 6.41 Bn, with 299.46 Mn shares traded. Market breadth remained robust, with 223 gainers against 20 decliners, indicating broad-based buying interest across the market.

Positive contributors were led by COMB.N (+45.45 points), followed by HNB.N, MELS.N, JKH.N, and HAYL.N. On the downside, HUNT.N (-1.43 points) led the marginal decline, while CDB.N, LIOC.N, LION.N, and SPEN.N exerted slight pressure. Among notable trades, ACME.N recorded significant activity, posting LKR 0.46 Bn in turnover with 76.87 Mn shares traded, alongside a strong price gain of 41.67%.