ASPI continues record-breaking rally, sustains momentum above 17,500

By Almas Equities Research 

The Colombo Stock Exchange (CSE) began the week on a positive note, despite a decline during the first hours of trading. However, the market regained strong momentum as the session progressed, with the All Share Price Index (ASPI) surpassing the 17,500 mark for the first time in history. The ASPI closed at 17,500.24, posting a gain of 105.79 points or 0.61%. Furthermore, the S&P SL20 Index closed at 5,208.95, marking an incline of 33.00 points or 0.64%.

Total market turnover amounted to LKR 2.851 billion, with 121.805 million shares traded. Market breadth reflected a positive sentiment, with 108 gainers and 85 losers contributing to the overall movement of the ASPI.

Hayleys PLC (HAYL.N) emerged as the top contributor to the ASPI, adding 23.34 points, while Melstacorp PLC (MELS.N) was the largest detractor, subtracting 4.94 points. The Banking sector led sectoral turnover with LKR 0.536 billion, accounting for nearly 19% of total market turnover.

Crossing transactions were involved today trading session, contributing approximately LKR 198 million roughly 7% of the day’s turnover. The largest crossings were recorded in shares of  Nations Trust Bank (NTB.N), totaling LKR 47.30  million with 225,000 shares traded.