CSE rebounds with robust turnover: banking counters lead gains

By Almas Equities Research

The Colombo Stock Exchange (CSE) opened on a positive note, recovering from yesterday’s decline and providing fresh momentum to the market. The ASPI gained 76.75 points (+0.35%) to 22,174.74, driven by a robust turnover of LKR 13.30 Bn.

Throughout the session, the market maintained its upward trajectory, largely supported by Banking sector counters, which generated LKR 6.41 Bn in turnover (48% of total market turnover). Despite the ASPI’s gains, the S&P SL20 edged slightly lower (-0.84 points), resulting in a mixed sentiment at the close.

Crossings accounted for LKR 7.29 Bn (54% of total turnover), with COMB.N leading by turnover at LKR 5.32 Bn, while SEMB.N recorded the highest crossing by volume, trading 75 Mn shares.

Market breadth was mixed, with 82 gainers and 131 decliners. COMB.N led the positive contributors (+33.68 points), followed by DIMO.N, BUKI.N, CARS.N, and WIND.N. On the downside, JKH.N (-27.03 points) was the largest drag, alongside NTB.N, SPEN.N, RIL.N, and CFIN.N.

Among notable trades, COMB.N stood out as the day’s most active counter, posting LKR 5.68 Bn in turnover and closing with a 3.17% price gain, reflecting strong investor interest.