📈 CSE Ends Week with Positive Gains Amid Foreign Selling
The Colombo stock market showed resilience, closing the week on a positive note driven by high net worth (HNW) participation, despite persistent foreign outflows. • Overall Market Performance The ASPI gained 0.14% (+32.97 points) to end at 23,801.96, while the S&P SL20 rose 0.36% (+23.57 points) to 6,626.38. Total daily turnover reached approximately Rs. 9.1 Bn with 311 million shares traded. • Foreign Investor Activity Foreigners remained net sellers for the second consecutive week. • Daily Net Outflow: Rs. 2.3 Bn • YTD Net Foreign Selling: Rs. 23.1 Bn • YTD Net Outflow (Total): Rs. 11.8 Bn • Sector & Stock Highlights • Banking Sector: Led the market with a 33% turnover share. Commercial Bank (COMB) saw a massive crossing of Rs. 2.2 Bn (23.9% of total turnover), closing at Rs. 225. • Capital Goods: Second-highest contributor; Colombo Dockyard rose to Rs. 154.75. • Apparel: Teejay Lanka featured among top turnover contributors, gaining Rs. 1.10 to close at Rs. 38.40. • Top Contributors: ACME, John Keells Holdings (JKH), Sampath Bank (SAMP), and HNB. • HNW & Retail Participation Market activity was heavily supported by HNW investors, with crossings accounting for 41.9% (Rs. 3.8 Bn) of the day's turnover. Retail interest remained active in counters like Luminex and Renuka Agri Foods.