CSE pulls back after record highs amid profit-taking

By Almas Equities Research 

The Colombo Stock Exchange (CSE) experienced a pullback today, with the All Share Price Index (ASPI) declining by 68.23 points (-0.34%) to close at 19,718.00. The index initially dipped nearly 136 points during early trading but later recouped part of the losses. However, subdued investor activity and clear signs of profit-taking, following the market’s recent all-time high, weighed on overall sentiment. The S&P SL20 Index also slipped, losing 27.32 points (-0.47%) to end at 5,830.29.

Market turnover stood at LKR 3.31 billion with a share volume of 142.83 million. Crossings contributed LKR 408 million, making up 12.32% of total turnover, led by RHL.N with a notable LKR 150.62 million from 6.84 million shares traded. The Capital Goods sector dominated activity, accounting for nearly 30% of total sectoral turnover. Out of the traded counters, 74 companies closed in positive territory while 147 ended in red, reflecting a broader market decline.

Among key contributors to ASPI, CALF.N stood out with a 12.94% price increase, while CTHR.N recorded a modest turnover from limited volume. Positive contributions also came from HNB.N, SINS.N, SAMP.N, and CCS.N. On the other hand, JKH.N led the decliners to ASPI with a turnover of LKR 359.76 million from 15.25 million shares traded, followed by MELS.N, DFCC.N, VONE.N, and COMB.N, which further exerted downward pressure on the index. Despite the overall downturn, selective buying interest remained visible in fundamentally strong counters.