CSE slides further with ASPI dropping under 17,000

By Almas Equities Research 

The Colombo Stock Exchange (CSE) continued its downward trend, closing the day on a negative note as both the All Share Price Index (ASPI) and the S&P SL20 declined. The sustained downturn was primarily driven by ongoing geopolitical tensions in the Middle East.

The All Share Price Index (ASPI) dropped by 253.23 points, or 1.48%, to close at 16,818.21. Similarly, the S&P SL20 Index fell by 75.16 points, or 1.48%, ending the session at 5,019.15. Total market turnover amounted to LKR 3.32 billion, with 139.35 million shares traded. Market breadth reflected a broad negative sentiment, with only 22 gainers and 191 losers contributing to the overall movement of the ASPI.
HNB
Dialog Axiata PLC (DIAL.N) emerged as the top contributor to the ASPI, adding 2.96 points, while LOLC Holdings PLC (LOLC.N) was the largest detractor, subtracting 12.95 points. The Banks sector led sectoral turnover with LKR 0.858 billion, accounting for nearly 26% of total market turnover.

Crossing transactions were involved today trading session, contributing approximately LKR 0.186 billion roughly 6% of the day’s turnover. The largest crossings were recorded in shares of  Central Finance Company (CFIN.N) totaling LKR 71.553 Mn with 312,515 shares traded.