ASPI down slightly as market shows mixed momentum

By Almas Equities Research 

The Colombo Stock Exchange closed on a mixed note today, with the All Share Price Index (ASPI) declining by 8.11 points (-0.04%) to end at 18,876.85. The index saw a sharp drop of nearly 180 points early in the session before rebounding around 100 points by mid-day. The S&P SL20 also ended lower, shedding 39.19 points (-0.69%) to close at 5,628.93. Turnover stood at LKR 6.20 billion with a share volume of 358.07 million shares, indicating a slight dip in investor activity compared to previous sessions.

Crossings contributed LKR 1.31 billion, approximately 21% of the day's total turnover, with the highest volume and value coming from KHL.N, which recorded LKR 331.37 million from 15.78 million shares. The Consumer Services sector dominated today's market with the highest sectoral turnover of LKR 2.103 billion, accounting for nearly 35% of total market activity. Among individual stocks, AEL.N led the positive contributors to the ASPI with a turnover of LKR 715.94 million, supported by notable performances from CTHR.N, CARS.N, JETS.N, and AHUN.N.

On the downside, JKH.N topped the list of negative contributor to the ASPI, posting a turnover of LKR 330.32 million from 13.12 million shares. Other key decliners included COMB.N, MELS.N, SAMP.N, and NDB.N. JETS.N was a standout performer, surging 38.66% in price, reflecting strong investor interest in selected counters despite the broader market cooling off.