CSE ends in red, extends losses to third session

Friday, 3 July 2026 00:06 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday closed in red on profit taking and heavy foreign selling, extending its bearish run for the third consecutive day.

The ASPI was down 0.10% or 21.79 points at 22,221.91 as counters that ended in red outnumbered gainers 136 to 74, and the S&P SL20 was down 0.03%, or 1.97 points at 6,204.54.

Market turnover was over Rs. 1.5 billion on over 47 million shares traded. Foreign investors were net sellers on a heavy net outflow of Rs. 774.2 million.

The top contributors to the ASPI decline were SPEN, SAMP, DFCC, CTC and CINS with positive contributions coming from CARG, DIAL, JKH, MELS and PLC.

First Capital Research said after a positive start, the market reversed course as profit-taking emerged during the latter half of the session, while significant foreign selling through large, negotiated crossings, particularly in HHL and WIND, weighed on sentiment. Both HNW and retail participation remained low.

The capital goods sector led the daily turnover with a share of 55%, followed by the banking, and food beverage and tobacco sectors collectively contributing 15%.