CSE Records Historic Single-Day Gain: Rs. 244 Bn Recovered š
The Colombo stock market staged a record-breaking recovery yesterday, posting its highest-ever single-day points increase. The rebound follows news of potential de-escalation in the Middle East and a temporary ceasefire regarding Iranian energy facilities. ⢠Overall Market Performance The All Share Price Index (ASPI) surged by 3.47% (+706.26 points) to close at 21,071.23. The S&P SL20 rose by 3.91% (+222.41 points) to 5,909.23. Market capitalization recovered Rs. 244 Bn, regaining 22% of the value lost since late February. Market turnover exceeded Rs. 4.2 Bn with 193.4 million shares traded. ⢠Sector Breakdowns & Key Drivers Capital Goods: Led turnover with a 27% share; sector index gained 4.59% driven by John Keells Holdings and Colombo Dockyard. Banking: Contributed significantly to turnover with the sector index up 4.11%, led by Sampath Bank and Commercial Bank. Food, Beverage & Tobacco: Collectively with banking, accounted for 27% of total turnover. ⢠Investor Sentiment & Participation Market breadth was strongly positive (243 gainers vs. 13 decliners). While retail interest was noted in hospitality and finance (e.g., LOLC Finance), high net-worth investors largely remained on the sidelines. Foreign investors remained net sellers, recording a net outflow of Rs. 614.5 million.