CSE extends slide, dips to second lowest point in three months

Wednesday, 15 July 2026 00:01 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday extended its heavy losses into a second session, falling to its second lowest point in three months on deepening concerns over escalating tensions in the Middle East.

The ASPI ended down 0.50% or 107.39% at 21,424.99 and the active S&P SL20 declined 0.37% or 22.04 points to 6,000.15.

Market turnover was nearly Rs. 1.1 billion on over 48.6 million shares traded. Foreign investors remained net sellers on a net outflow of Rs. 126.9 million.

First Capital Research said investor sentiment remained subdued as escalating Middle East tensions and the continued rise in global oil prices weighed on market confidence.

HNW participation was limited, with a few negotiated crossings recorded during the session, while retail participation remained at average levels.

The main negative contributors to the ASPI were LION, MELS, VONE, JKH, and CARS.

The banking sector led the daily turnover with a share of 20%, followed by the food, beverage and tobacco, and materials sectors collectively contributing 28%.

CT Smith Securities said Lanka IOC emerged as the top contributor to turnover with Rs. 109 million, followed by Ceylon Cold Stores at Rs. 96 million and Dipped Products at Rs. 82 million.