Positive sentiment drives CSE higher: capital goods sector dominates

By Almas Equities Research

The Colombo Stock Exchange (CSE) continued its bullish run for the second consecutive day, with the ASPI advancing 156.05 points (+0.76%) to close at 20,775.42, while the S&P SL20 rose 34.89 points (+0.59%) to 5,903.00.

The index surged by 217 points within the first hour of trading before consolidating around the 20,750 – 20,800 range. Sustained buying interest pushed turnover past LKR 6 Bn, amid elevated intraday volatility with a 217-point trading range.

Turnover reached LKR 6.61 Bn, supported by crossings of LKR 863.25 Mn (13% of total turnover). The largest crossing by value was LLUB.N (LKR 391.85 Mn), while RIL.N recorded the largest crossing by volume with 2.73 Mn shares.

The Capital Goods sector dominated activity, accounting for 25% of total turnover, led by SIRA.N, which contributed LKR 516 Mn in trades.

Market breadth remained positive, with 143 gainers outpacing 70 decliners, reflecting strong market sentiment.

Index Movers:

Top positive contributors: COMB.N (+19.90 index points), HHL.N, MELS.N, NTB.N, and SINS.N.

Top negative contributors: HAYL.N (-4.88 index points), JKH.N, LOLC.N, CFIN.N, and BIL.N.

Among notable trades, ALUM.N recorded LKR 439 Mn in board trades, making it the second-highest turnover counter of the day, supported by a significant price gain.