CSE uptrend continues on positive Quarter earnings

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed the session on a positive note, continuing its upward momentum amid renewed investor confidence. The surge was driven by improved sentiment and strong quarterly earnings, with the banking sector leading the gains, while other sectors also showed positive performance.

The All Share Price Index (ASPI) opened on a positive note and continued its rally throughout the session, ultimately gaining 64.60 points (+0.40 percent) to close at 16,379.39. Similarly, the S&P SL20 index advanced by 25.04 points (+0.52 percent) to end the session at 4,820.67.

Total market turnover stood at Rs  3.11 billion, with 153.88 million shares traded. Market breadth remained broadly positive, with 112 gainers outweighing 94 losers, contributing to the strength in the ASPI.

John Keells Holdings PLC (JKH.N) emerged as the top contributor to the ASPI, adding 15.48 points, while Central Finance Company PLC (CFIN.N) was the largest detractor, subtracting 2.58 points. The Capital Goods sector led sectoral turnover with Rs. 0.650 billion, accounting for nearly 20 percent of total market turnover.

Crossing transactions also played a significant role, contributing approximately Rs.380.27 million roughly 12 percent of the day’s turnover. The largest crossings were recorded in shares of John Keells Holdings PLC (JKH.N), totaling Rs.113.20 million with 5.40 million shares traded.