CSE surpasses 20,000 milestone prior to ASPI decline

By Almas Equities Research 

The Colombo Stock Exchange (CSE) marked a historic milestone today as the All Share Price Index (ASPI) crossed the 20,000 mark for the first time, gaining nearly 120 points within the first 30 minutes of trading. However, the initial optimism gave way to profit-taking, resulting in a reversal of early gains. The ASPI closed the day down by 128.02 points (-0.64%) at 19,786.23, while the S&P SL20 declined by 37.14 points (-0.63%) to end at 5,857.61.

Market turnover stood at LKR 4.54 billion, supported by a share volume of 157.48 million. Crossings accounted for LKR 168 million or 3.7% of the total turnover, with John Keells Holdings PLC (JKH.N) recording the highest turnover from crossings at LKR 49.40 million from 2.00 million shares. The banking sector dominated activity, contributing nearly 30% to total market turnover, reflecting continued investor interest in the sector.

While 59 stocks posted gains, 165 counters declined during the session. On the positive side, DFCC Bank PLC (DFCC.N) led the gainers with a turnover of LKR 258.02 million, alongside notable contributions from SAMP.N, CTHR.N, RCL.N, and ASPH.N. JKH.N led the decliners with LKR 287.87 million in turnover from 11.82 million shares, followed by MELS.N, NDB.N, AEL.N, and BUKI.N. Notably, SINH.N saw an impressive 11.11% price increase, signaling selective bullish sentiment despite the broader pullback.