CSE Closes at Record High with Strong Turnover and Investor Activity

By Almas Equities Research 

The Colombo Stock Exchange (CSE) closed on a positive note today, continuing its upward momentum. The All Share Price Index (ASPI) reached an all-time high of 17,414.55 and closed at  17,353.05  reflecting an increase of 138.66 points or 0.81%. Similarly, the S&P SL20 Index recorded a gain of 28.38 points, rising by 0.55% to close at 5,159.66. The sustained increase in both indices indicates growing investor confidence and a healthy market sentiment, underscoring the continued buying interest in the market.

Total market turnover amounted to LKR 7.37 billion, with 279.01 million shares traded. Market breadth reflected a mixed sentiment, with 103 gainers and 112 losers contributing to the overall movement of the ASPI.

Ceylon Tabacco Company (CTC.N) emerged as the top contributor to the ASPI, adding 32.8 points, while Dialog Axiata PLC (DIAL.N) was the largest detractor, subtracting 8.88 points. The Diversified Financial sector led sectoral turnover with LKR 1.943 billion, accounting for nearly 26% of total market turnover.

Crossing transactions played the significant role in today trading session, contributing approximately LKR 1.511 billion roughly 20.5% of the day’s turnover. The largest crossings were recorded in shares of  Citizen Development Bank PLC (CDB.N), totaling LKR 594.913  million with 2.37 million shares traded.