Capital goods lead turnover as market indices decline

By Almas Equities Research

The Colombo Stock Exchange witnessed subdued sentiment today, even as the Capital Goods sector dominated overall activity by contributing 39% of total turnover and generating LKR 1.46 billion. AEL.N emerged as the day’s top contributor, recording LKR 282 million in turnover with 3.9 million shares changing hands.

The broader market closed in negative territory. The All Share Price Index (ASPI) dropped 414.98 points (-1.87%) to settle at 21,826.59, while the S&P SL20 declined 107.13 points (-1.75%) to end at 6,030.66. Total turnover reached LKR 3.8 billion, accompanied by a share volume of 171.28 million.

Crossings accounted for LKR 444 million, representing 12% of the day’s turnover. JKH.N dominated crossing activity, contributing the largest block trade worth LKR 236.5 million. With 11 million shares traded through crossings, JKH.N also topped in volume.

Despite continued pressure on the indices, market breadth showed signs of improvement. A total of 33 counters advanced, while 200 declined, suggesting early signs of recovery following recent market weakness.

On the performance front, BREW.N provided the strongest positive boost to the indices, adding 11.12 points. Other notable gainers included NAMU.N, ACL.N, SPEN.N, and KCAB.N. Conversely, CINS.N exerted the heaviest drag with a 33.31 points negative contribution. MELS.N, COMB.N, SFCL.N, and BUKI.N also weighed on market performance.