CSE rebounds after consecutive declines

By Almas Equities Research 

The Colombo Stock Exchange (CSE) today demonstrated mixed momentum, with the All Share Price Index (ASPI) initially gaining approximately 96 points before easing slightly. The market ultimately closed with a positive movement of 37.80 points (+0.18%) at 20,613.39, while the S&P SL 20 rose 6.29 points (+0.10%) to 6,048.80. Total turnover for the day reached LKR 5.15 billion across 162.3 million shares, with crossings contributing LKR 0.56 billion, or around 11% of total turnover. Notably, SINS.N led crossing activity with LKR 85.80 million, while ATL.N recorded the highest traded volume at 2.86 million shares.

The Capital Goods sector emerged as the top contributor to sectoral turnover, accounting for nearly 22.64% of the day’s total market activity. Positive momentum was supported by 133 companies advancing on the ASPI, while 82 companies recorded declines. Key contributors to the market’s upward movement included DFCC.N, which generated LKR 89.31 million from 549,969 shares traded, along with SAMP.N, DIAL.N, COMB.N, and HNB.N. On the downside, CINS.N, JKH.N, BUKI.N, CTHR.N, and NDB.N exerted some downward pressure on the index.

Among individual stock performances, RWSL.N stood out with a remarkable 24.05% increase in price, reflecting strong investor interest. Overall, today’s market activity indicates renewed investor confidence following two consecutive sessions of declines, with reduced profit-taking and sectoral support driving the positive close.