Investor optimism drives ASPI back above 16,000 mark

By Almas Equities

The Colombo bourse extended its rally for a second consecutive session, closing above the 16,000 mark amid strong trading activity. The All Share Price Index (ASPI) gained 73.04 points to settle at 16,007.44, bringing its cumulative monthly increase to 192 points.  

Market turnover reached Rs. 2.29 billion, supported by crossings worth Rs. 218.04 million, while over-the-counter trades further bolstered momentum. The session saw mixed trends, with early gains giving way to a mid-day pullback before stabilizing near the 16,000 level.  

The Capital Goods sector dominated turnover, with Hayleys PLC emerging as the top positive contributor, inching closer to its 52-week high of Rs. 149.25. However, John Keells Holdings PLC (JKH) weighed on the ASPI later in the session, recording the day’s highest turnover (Rs. 395 million) and share volume (14.63 million shares).  

The S&P SL 20 index edged up by 8.25 points, with Hayleys PLC leading gainers (+2.96 percent) and LOLC Finance (LOFC.N) declining the most (-1.64 percent).  

Lankem Development PLC’s rights issue saw strong demand, surging 106 percent since its debut on March 28, 2025 (Rs. 1.50) to close at Rs.3.10 today. 
 
Market sentiment remained upbeat as investors expect the ongoing correction to pave the way for a sustained upward trend.