CSE rallies strongly on renewed investor confidence and broad-based buying

By Almas Equities Research

The Colombo Stock Exchange closed on a strong and optimistic note on 10th April 2026, reflecting renewed confidence in both domestic economic conditions and improving global sentiment. From the opening bell, the market maintained steady upward momentum, driven by broad-based buying interest across multiple sectors. The sustained rally throughout the session signaled a gradual shift toward positive investor expectations, with participants actively accumulating fundamentally strong counters. As a result, the ASPI recorded a notable gain of 284.12 points, highlighting the market’s resilience and strengthening near-term outlook.

The Diversified Financials sector dominated market turnover, recording LKR 1.05 Bn with 86.39 Mn shares traded. KZOO.N emerged as the leading contributor within the sector, generating LKR 0.41 Bn in turnover with 39.25 Mn shares exchanged. Crossing transactions accounted for LKR 1.09 Bn, representing 22% of total turnover, with the largest crossing recorded in JKH.N totaling LKR 0.23 Bn involving 11.40 Mn shares traded.

At the close, the ASPI advanced by 284.12 points (+1.30%) to settle at 22,128.66, while the S&P SL20 gained 76.55 points (+1.26%) to close at 6,152.73. Total market turnover stood at LKR 5.02 Bn, with a share volume of 261.71 Mn shares traded. Market breadth improved significantly, with 180 gainers against 52 decliners, indicating strong positive sentiment and broad participation across the market.

Positive contributors to the index were led by JKH.N (+32.15 points), followed by MELS.N, DIAL.N, NDB.N, and DFCC.N. On the downside, CINS.N (-16.31 points) led the drag, while HNB.N, KZOO.N, SDB.N, and SEMB.N exerted mild pressure on the index. Among notable trades, CITH.N recorded significant activity, posting LKR 0.18 Bn in turnover with 37.61 Mn shares traded, alongside a strong price gain of 24.39%.