CSE ends on a positive note amid volatility

By Almas Equities Research 

The Colombo Stock Exchange (CSE) experienced a volatile trading session today, with the All Share Price Index (ASPI) dipping by 63 points during early trading before regaining momentum to close on a positive note. By market close, the ASPI gained 88.47 points (+0.46%) to settle at 19,467.71, while the S&P SL20 rose by 27.67 points (+0.48%) to end at 5,755.04. Market turnover stood at LKR 4.22 billion, with a total share volume of 200.23 million. Crossings accounted for LKR 206.5 million or approximately 4.9% of the day’s turnover, with the highest contribution from JKH.N at LKR 150 million from 6 million shares traded.

The Capital Goods sector led sectoral activity, contributing 19.8% to the day's turnover. A total of 120 counters closed in the green while 92 declined. Among the top contributors to ASPI, CFIN.N generated LKR 183.92 million in turnover from 615,089 shares. Other notable positive contributors included CTHR.N, DFCC.N, BUKI.N, and MELS.N, reflecting improved sentiment in selected mid-to-large cap counters. GEST.N recorded the notable price increase of the day with a 12.64% incline.

On the flip side, CFIN.N also appeared among the top decliners with LKR 9.92 million traded on 3,120 shares, indicating some selling pressure. COOP.N, ASPH.N, GREG.N, and TKYO.N also weighed on market performance. Notably, OSEA.N witnessed significant trading volumes, suggesting continued investor interest in diversified holdings.