CSE Dips Despite End of 22-Day Foreign Outflow Streak 📈

The Colombo stock market lost early momentum to end in the red yesterday, despite a significant shift in foreign investor sentiment. • Market Performance: • The ASPI fell by 0.21% (49.77 points) to close at 23,870.07. • The S&P SL20 decreased by 0.11% (7.31 points) to 6,743.19. • Intraday, the ASPI briefly crossed the 24,000-point milestone before retreating. • Investment & Turnover: • Total market turnover reached Rs. 4.9 Bn with 277 Mn shares traded. • Foreign Investors recorded a net inflow of Rs. 37 Mn, snapping a 22-day streak of net outflows. • High-net-worth participation remained subdued, while retail activity was high. • Sector & Stock Highlights: • Capital Goods led turnover (21%), with John Keells Holdings (up Rs. 0.20) and Hayleys (up Rs. 1.25) as key drivers. • Diversified Financials and Telecommunications (Dialog Axiata) contributed a combined 23% to turnover. • Leading laggards included SAMP, DOCK, DIAL, DFCC, and COMB. • National Impact: • The shift to net foreign buying provides a positive signal for macroeconomic stability, potentially easing pressure on the capital account if the trend sustains.