CSE Weekly Wrap: Closes Flat After Early Dip 📈
• Colombo Stock Exchange (CSE) indices closed marginally lower yesterday, recovering from a sharp early fall. The ASPI was down 0.01% (to 23,459.75) and the S\&P SL20 lost 0.34%. • Daily Market Turnover exceeded Rs. 5.6 Bn. • Foreign investors were net sellers with an outflow of over Rs. 5.9 Mn. Weekly Snapshot: • Indices posted gains for the week: ASPI up 0.5% and S\&P SL20 up 0.9%. • Average daily turnover for the week was a stronger Rs. 7 Bn. Sector & Activity Highlights: • The Banking sector was the top turnover contributor (25% of total), led by Hatton National Bank (HNB/HNB.NV), though the sector index lost 0.61%. • Capital Goods (driven by Hemas Holdings) and Food, Beverage, and Tobacco were also key contributors, with these three sectors accounting for 59% of total turnover. • High Net Worth and institutional interest was noted in Hemas Holdings and HNB/HNB.NV. • Retail interest was seen in SMB Leasing, Waskaduwa Beach Resort, and Hela Apparel Holdings.