CSE closes all time high above 18,800 renewing market record

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed on a strong note today as the All Share Price Index (ASPI) surged by 297.13 points to end at a fresh all time high of 18,838.39, gaining 1.60 percent for the day. The S&P SL20 index also posted a notable increase of 142.21 points or 2.59 percent to close at 5,628.71. The sharp upward momentum was supported by renewed investor confidence following the government's continued trade discussions with the United States aimed at easing the reciprocal tariff rates recently announced. This has contributed to strong investor participation across leading counters.

Total market turnover stood at LKR 9.49 billion with a share volume of 520.33 million. Crossings contributed significantly, accounting for LKR 1.94 billion or approximately 20 percent of the day’s total turnover. JKH.N led activity with a turnover of LKR 755.27 million from 30.42 million shares traded. Top positive contributors to ASPI included SAMP.N, HNB.N, MELS.N and COMB.N. CIT.N recorded the highest price gain with an increase of 18.88 percent. SAMP.N also recorded the highest turnover from crossings with LKR 286.47 million while KOTA.N led in crossing volumes with 5 million shares.

On the other hand, CTHR.N saw the biggest decline contributed to ASPI with a turnover of just LKR 352,067 followed by BREW.N, RICH.N, CDB.N and BIL.N which also contributed to minor downward pressure. Overall, 132 companies contributed positively to the ASPI while 90 counters ended in the red, reflecting continued bullish sentiment in the market.