CSE extends uptrend as market confidence strengthens

By Almas Equities Research

The Colombo Stock Exchange (CSE) continued its upward momentum today, with the market displaying a positive trend from the start of trading. The benchmark All Share Price Index (ASPI) gained 136.16 points (+0.71%) to close at 19,379.24, while the S&P SL20 index edged up by 37.75 points (+0.07%) to end at 5,727.37. 

Total market turnover reached LKR 6.22 billion, with 354.59 million shares changing hands. Crossings accounted for LKR 660.25 million or approximately 10% of the day’s total turnover.

The Banking sector led sectoral activity, contributing nearly 18% to total turnover, highlighting renewed investor interest in financial counters. A total of 139 companies supported the positive movement in the ASPI, while 79 counters closed in the red. Notable gainers included CINS.N, which posted a turnover of LKR 8.52 million, alongside positive movements from CFIN.N, NDB.N, COMB.N, and CTC.N. COMD.N stood out with an impressive price gain of 38.93%, signaling strong demand and investor sentiment.

On the flip side, RICH.N led the list of decliners with a turnover of LKR 7.79 million from over 300,000 shares traded. Other negative contributors included AEL.N, GLAS.N, CTHR.N, and CARS.N. A significant number of trades were also recorded in OSEA.N, while the highest turnover and volume from crossings came from JKH.N, which contributed LKR 155.75 million in turnover from 6.23 million shares.