CSE Opens November Strong Amid HNW Activity 📈

Colombo stock market opened the month on an upswing, driven by high net worth (HNW) and institutional participation: • The All Share Price Index (ASPI) closed up 0.54%, gaining 123.47 points to 22,928.31. The active S&P SL20 also rose by 0.62%. • Total turnover exceeded Rs. 5.7 Billion on a volume of over 158.1 Million shares traded. • Foreign investors were net sellers, recording an outflow of Rs. 645.4 Million. • The Capital Goods sector was the top contributor to turnover, accounting for 27% and seeing its sector index rise by 0.91%. Activity was centered on Aitken Spence and Sierra Cables. • The Transportation sector was the second-highest contributor (combined 27% with Materials), with its index gaining 0.97%, driven by Digital Mobility Solutions Lanka. • HNW participation was noted in Digital Mobility Solutions Lanka, Aitken Spence, and Jetwing Symphony Limited, with John Keells Holdings (JKH) among the key positive index contributors. Trading activity was slightly cautious ahead of the upcoming national budget.