CSE Closes Up Driven by HNW Activity & Strong Turnover š
⢠The Colombo Stock Exchange (CSE) ASPI index ended the day 0.27% higher, gaining 62.41 points to close at 22,839.53, sustaining the previous session's recovery. The S&P SL20, however, declined 0.13%. ⢠Market Turnover was strong at Rs. 7.78 Bn, marking a 6% increase above the monthly average of Rs. 7.4 Bn. ⢠Activity was largely dominated by High Net Worth (HNW) investors, supported by large-scale crossings (ATL, JKH, DOCK), while retail participation remained subdued. ⢠Foreign investors recorded a notable net outflow of Rs. 857 million. Market breadth was positive with 135 gainers and 106 decliners. ⢠The Capital Goods sector led activity, accounting for 27% of total turnover, followed by the Insurance and Retailing sectors (collectively contributing 28%). ⢠Key positive movers included Colombo Dockyard (DOCK: up Rs. 38.50), Amana Takaful, and Digital Mobility Solutions Lanka. Investor interest was also noted in Ceylon Tea Brokers. Weakness across some blue-chips weighed on the SL20 index.