CSE closes strong with broad gains and robust turnover

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed on a strong positive note today, with increased market activity and steady investor buying. The positive trend was supported by strong company performances in the last quarter and growing investor confidence. Most sectors showed gains, reflecting overall market optimism.

The All Share Price Index (ASPI) continued its positive momentum throughout the session, ultimately inclining 102.73  points (0.61%) to close at 16,815.60. Similarly, the S&P SL20 index inclined by 44.65 points (0.91%) to end the session at 4,963.27.

Total market turnover amounted to LKR 6.42 billion, with 173.85 million shares traded. Market breadth reflected a positive sentiment, with 122 gainers and 94 losers contributing to the overall movement of the ASPI.

LOLC Holdings (LOLC.N) emerged as the top contributor to the ASPI, adding 17.17 points, while Hatton National Bank (HNB.N) was the largest detractor, subtracting 10.15 points. The Banking sector led sectoral turnover with LKR 1.99 billion, accounting for nearly 31% of total market turnover.

Crossing transactions played the significant role in today trading session, contributing approximately LKR 2.17 billion roughly 34% of the day’s turnover. The largest crossings were recorded in shares of  Sampath Bank PLC (SAMP.N), totaling LKR 1.46  Billion with 12.7 million shares traded.