CSE Turnover Surges Past Rs. 7 Bn as Indices Retreat 📈

The Colombo Stock Exchange experienced a sharp decline on Friday (27), despite a massive spike in trading activity that saw turnover cross a significant milestone. • Market Indices: The All Share Price Index (ASPI) dropped by 47.17 points to 23,734.06, while the S&P SL20 (large-cap index) fell 74.20 points to 6,635.97, indicating pressure on blue-chip stocks. • Turnover & Volume: Market turnover reached a robust Rs. 7.01 Billion. A major driver of this liquidity was Renuka Agri Foods PLC, which alone contributed Rs. 1.14 billion in on-board trades, highlighting activity in the food & beverage sector. • Investor Participation: Domestic: Local buying reached Rs. 6.84 Bn, while selling stood at Rs. 6.48 Bn, showing high internal liquidity. Foreign: Recorded a net outflow, with purchases of Rs. 164 Mn against sales of Rs. 528 Mn. • Summary: Despite the high turnover, the session reflected broad-based weakness as indices closed in the red, largely influenced by net foreign selling and a decline in large-cap counters.