CSE Closes in Green Despite Heavy Foreign Outflows 📈

• Market Performance: The Colombo Stock Exchange ended marginally higher for the second consecutive day. The ASPI gained 0.06% (+14.33 points) to close at 22,639.81, while the S&P SL20 dipped 0.14% to 6,213.84. Market turnover reached Rs. 5.2 Bn with 155.5 Mn shares traded. • Foreign Investor Activity: Following a brief pause, foreign investors returned to a net selling position with a significant outflow of Rs. 2.52 Bn. Major selling was concentrated in Softlogic Life (Rs. 1.2 Bn), Ceylon Tobacco (Rs. 891 Mn), and Hayleys Fabric (Rs. 292.6 Mn). • Sector Highlights: • The Insurance sector dominated market activity, accounting for 34% of total turnover. • Food, Beverage & Tobacco and Banking sectors collectively contributed 32%. • Softlogic Life (AAIC) led individual turnover at Rs. 1.5 Bn, bolstered by a Rs. 1.3 Bn crossing. • Top Movers & Sentiment: • Primary gainers included JINS (+9.0%), MGT (+2.3%), and ACL (+1.9%). • Major laggards were HNBN and HAYL. • Overall sentiment remained cautious due to geopolitical uncertainties surrounding US-Iran peace talks. While High Net Worth (HNW) participation was high—with crossings representing 47.3% of turnover—retail activity remained muted. • Market Breadth: Positive, with 120 gainers versus 101 decliners. Market P/E stood at 11.56.