📈 CSE Ends Losing Streak on High Net Worth Interest

The Colombo Bourse recovered yesterday, snapping a three-session decline as activity from high net worth investors (HNWI) pushed indices into the green. • Market Performance: The ASPI rose by 0.22% (52.82 points) to close at 23,734.50, while the S&P SL20 edged up slightly to 6,597.34. • Turnover & Volume: Total market turnover reached Rs. 8.24 Bn with 276.9 million shares traded. Notably, crossings accounted for 49.4% of the day’s total turnover. • Sector Highlights: • The Banking sector dominated turnover (43%), led by Commercial Bank (COMB) which contributed Rs. 3.2 Bn (38.9% of total turnover). • Capital Goods and Diversified Financials collectively contributed 26% to the daily turnover. • Top gainers driving the index included Colombo Dockyard (DOCK), Teejay Lanka (TJL), and Ceylon Tobacco Company (CTC). • Investor Sentiment: Market activity was characterized by strong HNWI participation, though retail interest remained subdued. The session showed limited volatility as early gains moved into a consolidation phase. • Foreign Interest: Foreign investors remained net sellers with a net outflow of Rs. 1.3 Bn for the day. This brings the YTD foreign net outflow to Rs. 8.5 Bn.