Market stages strong recovery as ASPI surges over 740 points on renewed buying interest

By Almas Equities Research

The Colombo Stock Exchange recorded a powerful rebound on 15th June 2026, with both benchmark indices posting substantial gains as improving global sentiment and a more favorable regional outlook restored investor confidence. Following a period of heightened uncertainty, the market witnessed broad-based buying interest from the opening bell, driving one of the strongest single-day performances in recent sessions.

The market maintained a clear upward trajectory throughout the day, supported by strong participation across several key sectors. Renewed optimism surrounding economic stability, coupled with attractive valuations in fundamentally strong counters, encouraged both retail and institutional investors to re-enter the market. Sustained buying momentum helped the market recover significantly, reflecting a notable improvement in overall sentiment.

As a result, the ASPI surged by 743.22 points (+3.43%) to close at 22,380.65, while the S&P SL20 advanced 192.48 points (+3.19%) to settle at 6,219.53. Total market turnover stood at LKR 4.00 Bn, with 205.58 Mn shares traded during the session.

The Capital Goods sector emerged as the largest contributor to market turnover, generating LKR 0.62 Bn with 16.21 Mn shares traded. AEL.N led sector activity, recording a turnover of LKR 0.13 Bn with 1.70 Mn shares changing hands.

Crossings accounted for LKR 0.83 Bn, representing 20.7% of total market turnover. The largest crossing was recorded in ATL.N, amounting to LKR 0.17 Bn involving 7.52 Mn shares traded.

Market breadth remained exceptionally strong, with 260 gainers against just 23 decliners, highlighting the widespread buying interest witnessed across the market and underscoring the strength of today’s rally.

Among index contributors, SAMP.N led the gains with a contribution of 40.40 points, followed by COMB.N, JKH.N, MELS.N, and DIAL.N. On the downside, losses were limited, with COLO.N (-0.46 points) leading the marginal decline, while CITW.N, HELA.N, LCEY.N, and AMF.N exerted only minor pressure on the index.

Among notable trades, AMSL.N recorded significant investor interest, generating a turnover of LKR 0.44 Bn with 23.76 Mn shares traded, while posting a price gain of 8.09%.

Today's strong recovery suggests that investors are beginning to capitalize on attractive valuations following recent market weakness. While external developments remain a key factor to monitor, the broad-based nature of the rally and improved market participation indicate a meaningful return of confidence to the Colombo bourse.