📉 CSE Ends in Red: Foreign Outflows Exceed Rs. 1.1 Bn Over Two Days

The Colombo stock market recorded a downturn yesterday as cautious sentiment and significant foreign selling persisted. • Market Indices & Turnover The All Share Price Index (ASPI) declined by 0.45% (-94.14 points) to close at 21,032.46, while the S&P SL20 fell by 0.49% (-28.63 points) to 5,832.82. Daily turnover reached nearly Rs. 1.88 billion with 48.7 million shares traded. • Foreign & Investor Participation Heavy foreign outflows continued for a second session, recording a net outflow of Rs. 294 million, bringing the two-day total near Rs. 1.1 billion. Participation from retail and High Net Worth (HNW) investors remained subdued due to Middle East geopolitical tensions. • Sector Breakdowns Banking: Led turnover with a 49% share but saw the sector index lose 0.70%. Key activity was noted in NDB, HNB, and Commercial Bank. Materials: Contributed significantly to turnover, though the index dipped 0.17%, impacted by a price drop in Tokyo Cement (Non-Voting). Capital Goods: Along with materials, collectively accounted for 22% of daily turnover. • Key Contributors & Laggards Top negative impacts on the ASPI included NDB, Ceylinco Holdings, Cargills, Melstacorp, and JKH. Conversely, Galle Face Capital Partners saw a slight price appreciation amid institutional interest.