CSE rebounds strongly as banking counters and capital goods drive gains

By Almas Equities Research

The Colombo Stock Exchange (CSE) staged a strong recovery on Tuesday, with the ASPI advancing 263.98 points (+1.30%) to close at 20,619.37, while the S&P SL20 gained 69.27 points (+1.19%) to 5,868.11. Investor sentiment improved notably, supported by robust buying interest in banking sector counters and selective gains in capital goods stocks, further strengthened by stronger-than-expected 2Q GDP results, which helped the market regain its bullish momentum.

Intraday activity remained volatile, with the index moving across a wide 308-point trading range between the session’s high and low.

Turnover stood at LKR 6.21 Bn, underpinned by crossings of LKR 764.77 Mn (12% of total turnover). The largest crossing by value was in LLUB.N (LKR 206.72 Mn), while HHL.N recorded the largest by volume with 4.69 Mn shares.

The Capital Goods sector emerged as the most active, contributing 31% of overall turnover, led by SIRA.N, which generated LKR 712 Mn in trades.

Market breadth remained firmly positive, with 185 gainers outpacing 46 decliners, reflecting broad-based investor participation.

Index Movers:

Top positive contributors: COMB.N (+21.32 index points), SAMP.N, HNB.N, SPEN.N, and DFCC.N.

Top negative contributors: SFCL.N (-11.53 index points), MELS.N, CINS.N, LGL.N, and CARS.N.

Among notable trades, SIRA.N stood out with LKR 712 Mn in board trades, making it the highest turnover counter of the day. The stock also posted a sharp 12.95% price gain.