Market continued its positive momentum, surpassing the 15,800 level

The Colombo Stock Exchange (CSE) concluded today’s session on a strong note, with the All Share Price Index (ASPI) continue the positive note by closing today by surpassing 15,800 level. The market continues after the 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 15,811.47, up 69.43 points (0.44 percent). The S&P SL20 Index also posted gains, climbing 20.88 points (0.45 percent) to settle at 4,653.39.

Total market turnover amounted to Rs. 2.79 billion, with 89.52 million shares traded. While overall turnover was moderate and greater than last trading, trading activity was focused and strategic. Market breadth was notably positive, with 120 gainers outweighing 73 losers, reflecting broad investor participation contributing to the All-Share Price index.

John Keells Holdings (JKH.N) emerged as the top contributor to the ASPI, adding 15.47 points, while The Colombo Fort Land and Building PLC (CFLB.N) was the largest drag, subtracting 6.94 points. The Capital Goods sector led in terms of turnover contribution.

Crossing transactions contributed significantly to overall turnover, totaling Rs. 560.5 million, or roughly 20 percent of daily turnover. The largest crossings were recorded in John Keells Holdings PLC (JKH.N), accounting for a total of Rs. 122.94 million and 5.99 million shares.

On the macroeconomic front, Sri Lanka has reached a staff-level agreement with the IMF on the Fourth Review of its reform program under the Extended Fund Facility. Upon approval by the IMF Executive Board, the country will gain access to approximately US$344 million in financing. This milestone reflects growing investor confidence and signals strengthening economic stability.