CSE ends 0.88% on the up, rebounds on buying interest

Friday, 16 October 2026 00:07 - - {{hitsCtrl.values.hits}}

The Colombo stock market rebounded yesterday from a 13-month low on bargain hunting but remained below 20,000 points.

With 164 counters ending in green against 57 in the red, the ASPI ended up 0.88% or 175.09 points at 19,971.15 and the active S&P SL20 gained 0.4% or 22.59 points to 5,699.02. The top contributors to the ASPI gain were CARS, DIST, COMB, LOLC and LOFC.

Turnover was nearly Rs. 1.5 billion on over 51.5 million shares traded and foreign investors were net sellers on a net outflow of Rs. 76.1 million.

First Capital Research said the bourse witnessed a revival in investor activity, which lifted both indices onto positive territory, mainly brought on by bargain buying. Prominent contributions from the HNW segment, mainly through notable crossings in CTC lifted activity amidst moderate levels of retail investor activity. The food, beverage and tobacco sector led the daily turnover with a share of 25%, followed by the diversified financials, and retailing sectors collectively contributing 27%.