CSE ends positive with strong ASPI gains and active market turnover

By Almas Equities Research 

The Colombo Stock Exchange (CSE) concluded the trading day on a positive note, reaching a new record high, supported by growing investor confidence and increased market activity. Overall sentiment remained upbeat, driven largely by the announcement that the International Monetary Fund (IMF) Executive Board has approved the fourth review under the Extended Fund Facility (EFF) for Sri Lanka. A key highlight of the session was Colombo Dockyard PLC (DOCK.N), which recorded a sharp gain of nearly 57% during the day.

The ASPI inclined by 145.06 points, or 0.81%, to close at 18,141.19. Similarly, the S&P SL20 Index declined by 16.07  points, or 0.30%, ending the session at 5,359.04. Total market turnover amounted to LKR 7.81 billion, with 248.302 million shares traded. Market breadth reflected a positive sentiment, with 123 gainers and 99 losers contributing to the overall movement of the ASPI.

CT Holdings (CTHR.N) emerged as the top contributor to the ASPI, adding 36.25 points, while LOLC Holdings  PLC (LOLC.N) was the largest detractor, subtracting 7.55 points. The Capital Goods Sector led sectoral turnover with LKR 2.12 billion, accounting for nearly 27% of total market turnover.

Crossing transactions were significantly involved today trading session, contributing approximately LKR 884.28 million roughly 11% of the day’s turnover. The largest crossings were recorded in shares of Seylan Bank PLC (SEYB.X) totaling LKR 180.3 million with 3.0 million shares traded.