CSE starts June strong with broad market gains

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed on a positive note today, marking a strong start to both the new week and the new month. The All Share Price Index (ASPI) maintained its upward momentum throughout the session, ultimately rising by 125.03 points (0.74%) to close at 16,979.89. Similarly, the S&P SL20 Index increased by 53.35 points (1.07%), ending the session at 5,034.92.

Total market turnover amounted to LKR 5.86 billion, with 363.39 million shares traded. Market breadth reflected a mixed sentiment, with 106 gainers and 119 losers contributing to the overall movement of the ASPI.

Sampath Bank (SAMP.N) emerged as the top contributor to the ASPI, adding 18.47 points, while Ceylinco Holdings (CINS.N) was the largest detractor, subtracting 11.65 points. The Capital Goods sector led sectoral turnover with LKR 1.753 billion, accounting for nearly 30% of total market turnover.

Crossing transactions played the significant role in today trading session, contributing approximately LKR 0.760 billion roughly 13% of the day’s turnover. The largest crossings were recorded in shares of  Alpha Fire services Limited PLC in (AFS.N), totaling LKR 212.76  million with 21.27 million shares traded.