CSE ends down 0.75%, extends losses to third session

Thursday, 4 June 2026 00:06 - - {{hitsCtrl.values.hits}}

The Colombo stock market was down sharply yesterday, extending its bearish streak into a third session.

The ASPI was down 0.75% or 166.55 points at 22,011.10 and the S&P SL20 was down 0.54% or 32.83 points at 6,097.83. Overall market sentiment was bearing with 185 counters closing in red against 47 that gained. Market turnover was over Rs. 2 billion on over 109.8 million shares traded. Foreigners were net sellers on a net outflow of Rs. 410.26 million.

First Capital Research said investor sentiment remained subdued as the selling pressure witnessed in the previous session continued, while rising interest rates and global oil prices further weighed on market confidence.

Both HNW and retail participation remained average during the session.

The negative contributors to the ASPI were DIAL, SAMP, BREW, CCS and DOCK. The consumer durables and apparel sector led the daily turnover with a share of 20%, followed by the capital goods, and banking sectors collectively contributing 32%.

CT Smith Securities said Teejay Lanka emerged as the top contributor to turnover with Rs. 360 million, followed by John Keells Holdings with Rs. 143 million and Commercial Bank with Rs. 96 million.