CSE kicks off october on a positive note amid robust turnover

By Almas Equities Research

The Colombo Stock Exchange (CSE) opened October with sustained positive momentum, supported by a robust turnover of LKR 6.46 Bn. The session was volatile, with the ASPI fluctuating between 21,770 – 21,900, reaching a new all-time high of 21,888.14 before settling lower. Despite intraday swings, the market closed in positive territory.

The ASPI gained 72.70 points (+0.33%) to 21,851.30, while the S&P SL20 added 12.26 points (+0.20%) to 6,138.79, on a total share volume of 225.20 Mn shares.

Crossings contributed LKR 733.44 Mn (11% of turnover), led by COMB.N with LKR 340.86 Mn, while KHC.N recorded the highest crossing by volume with 5 Mn shares traded.

Market breadth was mixed, with 113 gainers versus 115 decliners. MELS.N led the positive contributors, adding 12.11 index points, followed by HHL.N, DIMO.N, PLC.N, and RIL.N. On the downside, HNB.N was the top drag (-8.54 points), alongside CARS.N, CFLB.N, LION.N, and SPEN.N.

Among notable trades, TAP.N emerged as the session’s most active counter, posting LKR 450 Mn in turnover with a 7.72% price gain, highlighting strong investor interest.