CSE sees broad-based recovery after recent losses

By Almas Equities Research

The Colombo Stock Exchange witnessed a strong recovery on Tuesday (02nd December 2025), as the ASPI rebounded by 219.51 points (+1.00%) to close at 22,241.57, following yesterday’s panic-induced sell-off.

The S&P SL20 also moved firmly into green, gaining 51.92 points (+0.85%) to finish at 6,137.79.

The market initially surged, reaching an intraday high of 446 points during the first half of trading, spurring positive momentum. However, profit-taking in the latter part of the session trimmed some gains, with the index easing by 227 points before the close.

The Capital Goods sector dominated market activity, generating LKR 1.16 Bn in turnover. AEL.N led the sector, recording LKR 365 Mn in turnover with 4.9 Mn shares traded. Total market turnover stood at LKR 4.01 Bn, with 100.33 Mn shares changing hands. Crossings accounted for LKR 0.64 Bn (15% of total turnover), led by a turnover crossing in TKYO.X (LKR 1.6 Mn) and the largest share volume crossing in DIPD.N (2 Mn shares).

Market breadth strengthened as 160 counters advanced against 70 decliners, signaling broad-based recovery across the market.

On the performance front, RICH.N was the top positive contributor, adding 31.78 points to the ASPI, followed by CINS.N, SAMP.N, BUKI.N, and NDB.N. On the downside, AEL.N weighed on the index with a decline of 5.34 points, along with SPEN.N, COOP.N, SFCL.N, and PINS.N.

Among notable trades, SIRA.N recorded strong activity, generating LKR 174 Mn in turnover with 5.2 Mn shares traded, closing with a 2.8% price gain, reflecting strong short-term speculative interest.