📈 CSE Hits 10-Week High: ASPI Gains 13.5% Since March Low

The Colombo stock market maintained its upward momentum for a second consecutive session, reaching its highest level in 10 weeks as global sentiment improved. • Market Performance: The ASPI rose by 1.13% (+258.09 points) to close at 22,997.86, while the S&P SL20 increased by 0.75% to 6,292.26. The index has now rebounded 13.5% from its post-Middle East conflict low on 19 March. • Trading Volume: Market turnover reached approximately Rs. 5.3 Bn with over 514.6 million shares traded. Retail participation remained high, though High Net Worth (HNW) activity was noted as subdued. • Sector Contributions: The Materials sector led the day with 26% of total turnover. Diversified Financials and Capital Goods followed, contributing a combined 24%. • Investor Sentiment: Gains were driven by easing global oil prices despite ongoing regional tensions. Foreign investors recorded a marginal net outflow of Rs. 22.3 Mn. • Penny Stocks: Continued interest was observed in selected low-value shares, reflecting active retail engagement in the current rally.