📈 Sri Lanka Stocks Surge 2.75% as ASPI Crosses 22,000 Mark

The Colombo Stock Exchange (CSE) closed sharply higher on Tuesday, driven by lower global oil prices and positive global sentiment following US election developments. • Market Indices & Overview - ASPI: Jumped 2.75% (+592.02 pts) to close at 22,123.39. - S&P SL20: Advanced 3.66% (+224.97 pts) to 6,368.12. - Total Turnover: LKR 7.96 Bn. • Key Market Drivers - Lower global oil prices eased sentiment as oil remains a critical factor for Sri Lanka's economy. - Investor optimism built around potential US trade tariff adjustments following power shifts in the US Congress, offering relief to emerging export markets. • Sector & Stock Performance - Banking Sector: Led market activity, generating LKR 2.03 Bn in turnover. - Top Gainers: Vallibel One (+6.14%), Dialog Axiata (+4.88%), Commercial Bank (+4.28%), Hayleys (+4.02%), and Hatton National Bank (+3.81%). - Top Losers: Softlogic Life Insurance (-4.98%), Softlogic Capital (-4.17%), and Ambeon Holdings (-3.28%). - Heavy Trades: Dialog Axiata generated LKR 1.4 Bn in total turnover (including LKR 800 Mn in crossings), followed by Commercial Bank with LKR 309 Mn in crossings.