📈 CSE Rebounds 0.88% on Bargain Hunting as Buying Interest Returns
The Colombo Stock Exchange (CSE) ended in positive territory yesterday, recovering from a 13-month low behind bargain buying, though the main index remained below the 20,000 mark. • Market Indices & Movement • ASPI: Gained +0.88% (+175.09 pts) to close at 19,971.15. • S&P SL20: Up +0.40% (+22.59 pts) to 5,699.02. • Market Breadth: Broadly positive with 164 gainers against 57 decliners. • Top ASPI Contributors: CARS, DIST, COMB, LOLC, and LOFC. • Turnover & Investor Activity • Total Turnover: Nearly Rs. 1.5 Bn with over 51.5 Mn shares traded. • Investor Segments: Driven by High-Net-Worth (HNW) activity—including notable crossings in CTC—alongside moderate retail participation. • Foreign Cashflow: Foreign investors remained net sellers with a net outflow of Rs. 76.1 Mn. • Sector Breakdown • Food, Beverage & Tobacco: Led daily turnover, accounting for 25% of total value. • Diversified Financials & Retailing: Collectively contributed 27% to total turnover.