Thursday Nov 12, 2026
Thursday Nov 12, 2026
Thursday, 12 November 2026 00:05 - - {{hitsCtrl.values.hits}}
The Colombo stock market yesterday ended a seven-session rally to close in red on profit taking ahead of the presentation of Budget 2027 today.
The ASPI ended down 0.41% or 90.46 points at 22,032.93 and the S&P SL20 was down 0.3% or 19.12 points at 6,349. With losers outnumbering gainers 158 to 75, top contributors to the ASPI decline were HNB, OSEA, CINS, COMB and HAYL.
Turnover was over Rs. 4.8 billion on nearly 171.8 million shares traded. Foreign investors emerged as net buyers on a net inflow of Rs. 46.4 million.
First Capital Research said the bourse experienced a volatile session, opening with a sharp decline during the first hour of trading as investors engaged in profit-taking. The market subsequently attempted to recover, with buying interest briefly supporting an upward movement, before renewed selling pressure triggered further volatility and pushed both indices into negative territory by the close.
HNW and retail participation moderated compared to the previous session, while turnover also declined from yesterday’s elevated levels but remained relatively high on an average basis. Overall, the session reflected continued profit-taking following the recent strong market gains.
The banking sector led the daily turnover with a share of 25%, followed by the materials, and capital goods sectors collectively contributing 34%.
