📈 CSE Records Fifth Consecutive Weekly Loss
The Colombo Stock Exchange (CSE) faced sustained selling pressure this week, ending on a downward trend. • Weekly Performance: The ASPI declined 2.54% and the S&P SL20 fell 2.2%. Total market capitalization dropped by Rs. 206 Bn. • Daily Trade: ASPI ended at 21,744.13 (-0.07%), while the S&P SL20 closed at 6,024.00 (-0.13%). • Turnover & Activity: Daily turnover reached Rs. 2.98 Bn with 112.6 million shares traded. High-net-worth participation remained robust. • Foreign Sentiment: Foreign investors acted as net buyers, recording an inflow of Rs. 113.2 million. • Sector Insights: • The capital goods sector dominated trading, contributing 42% to daily turnover. • The food, beverage & tobacco and insurance sectors collectively accounted for 23% of turnover. • Key Drags: Declines in COMB, HAYL, JKH, WIND, and SPEN weighed heavily on the indices. Market sentiment remains cautious as selling pressure continues to impact broader investor activity.