CSE opens week higher as food & beverage sector leads turnover

By Almas Equities Research

The Colombo Stock Exchange (CSE) started the week on a positive note, sustaining the upward momentum that had paused in Friday’s session. The ASPI advanced 77.31 points (+0.36%) to 21,676.30, while the S&P SL20 gained 7.64 points (+0.13%) to 6,119.21.

Turnover remained relatively subdued at LKR 4.25 Bn, with 131.68 Mn shares traded, marking a slowdown compared to recent sessions. Investor sentiment showed a clear tilt towards the Food & Beverage sector, which accounted for LKR 1.11 Bn (26% of total turnover), making it the day’s top revenue generator.

Crossings were limited, contributing just LKR 256.22 Mn (5.8% of turnover). The largest crossing came from COCO.N at LKR 112.74 Mn.

Market breadth leaned positive, with 114 gainers against 102 decliners. CARS.N led the positive contributors, adding 25.54 index points, followed by MELS.N, JKH.N, NAMU.N, and WATA.N. On the downside, SAMP.N weighed most on the index, subtracting 7.34 points, with SPEN.N, AMF.N, NDB.N, and AEL.N also pulling back performance.

Among notable trades, KOTA.N stood out as the day’s highest gainer, recording LKR 144 Mn in turnover alongside an 8.42% price increase.