CSE surges past 15,700 mark amid broad-based gains

By Almas Equities Research

The Colombo Stock Exchange (CSE) concluded today’s session on a strong note, with the All Share Price Index (ASPI) breaching the 15,700 level. The market rebounded sharply from recent declines, buoyed by selective investor interest and gains across multiple sectors.

Opening on a positive footing, the ASPI maintained momentum throughout the session, ultimately closing at 15,742.04, up 126.41 points (0.81 percent). The S&P SL20 Index also posted gains, climbing 27.80 points (0.60 percent) to settle at 4,632.51.

Total market turnover amounted to Rs.2.43 billion, with 125.53 million shares traded. While overall turnover was moderate, trading activity was focused and strategic. Market breadth was notably positive, with 141 gainers outweighing 52 losers, reflecting broad investor participation contributing to the ASPI. 

LOLC Holdings PLC (LOLC.N) emerged as the top contributor to the ASPI, adding 7.85 points, while Hatton National Bank PLC (HNB.N) was the largest drag, subtracting 1.90 points. The Capital Goods and Food & Beverage sectors led in terms of turnover contribution.

Crossing transactions contributed significantly to overall turnover, totaling Rs.410 million, or roughly 17 percent of daily turnover. The largest crossing was recorded in John Keells Holdings PLC (JKH.N), accounting for Rs.160.20 million and 8 million shares.

On the macroeconomic front, investor sentiment was buoyed by news from the President’s Media Division (PMD) that Sri Lanka and the United States will continue discussions on reciprocal tariffs, signaling progress toward a potential bilateral trade agreement, a development welcomed by market participants.