📉 CSE Ends Week Down 1% Amid Bearish Run
The Colombo Stock Exchange (CSE) extended its bearish run into four straight sessions, ending the week in the red. • Weekly Market Overview: The All Share Price Index (ASPI) fell by 1.03% to close at 22,178.73, while the active S&P SL 20 dropped 0.85% to 6,194.22. On the final trading day, 111 counters closed in the red against 92 in green. • Trading Volumes & Foreign Activity: Daily market turnover reached over Rs. 1.5 Bn with nearly 30.6 million shares traded. Foreign investors were net sellers, resulting in a net foreign outflow of Rs. 157.9 million. • Sector Performance: - Banking: The top contributor to weekly turnover, driven by Sampath Bank, Commercial Bank, and Hatton National Bank. The sector index edged down by 0.11%. Sampath Bank fell by Rs. 0.50 to Rs. 142, while Commercial Bank gained Rs. 0.25 to Rs. 208.75. - Capital Goods: The second highest turnover contributor, led by Access Engineering. The sector index decreased by 0.22%, though Access Engineering gained Rs. 0.30 to close at Rs. 78.20. • Key Stock Drivers: CINS, JKH, RCL, and SAMP heavily weighed down the ASPI. Conversely, DIAL, OLC, BUKI, and CARS provided positive market support. • Investor Participation: High net worth and institutional interest was concentrated in the banking sector and Access Engineering. Retail interest was active in apparel & textiles via Teejay Lanka, alongside Cargills Bank and LVL Energy Fund.