CSE kicks off November on a positive note

By Almas Equities Research

The Colombo Stock Exchange (CSE) started November on a strong footing, with the All-Share Price Index (ASPI) gaining momentum throughout the session. Despite a brief mid-session consolidation, the market closed higher, reflecting sustained investor confidence as buying activity picked up across key counters.

The ASPI rose 123.47 points (+0.54%) to 22,928.31, while the S&P SL20 advanced 38.49 points (+0.62%) to 6,252.40. Total market turnover reached LKR 5.73 billion, with 158.11 million shares traded.

The Capital Goods sector dominated activity, contributing LKR 1.57 billion (27% of total turnover). SPEN.N led the sector with LKR 563 million in trades, reflecting strong institutional participation and continued confidence in the counter.

Crossings accounted for LKR 1.83 billion (32% of total turnover). The largest crossing by turnover occurred in PKME.N, generating LKR 691 million, while JETS.N reported the highest crossing by volume with 13.79 million shares traded.

Market breadth reflected mixed sentiment, with 106 gainers and 114 decliners, suggesting mild consolidation following recent upward momentum.

Among key movers, SFCL.N (+31.30 points) led the gainers, followed by BUKI.N, JKH.N, COMB.N, and DIAL.N. On the downside, WIND.N (-4.28 points) was the top decliner, alongside AHPL.N, SEYB.N, CFLB.N, and DIPD.N.

Among notable trades, PKME.N stood out with LKR 880 million turnover across 5.83 million shares, highlighting heightened retail participation and short-term speculative interest in the counter.