CSE maintains upward momentum for sixth session

Wednesday, 24 September 2025 00:08 - - {{hitsCtrl.values.hits}}

Colombo stock market closed up yesterday extending its rally into a sixth day on sustained bullish sentiment.

The ASPI closed Tuesday 0.26% higher, up 55.97 points to 21,282.84 while the active S&P SL20 gained 0.26% to close up 16.01 points to 6,073.14.

Turnover was Rs. 6.56 billion on more than 224.7 million shares traded. Turnover was Rs. 8.1 billion on Monday.

Foreigners were net buyers with a net inflow of Rs. 61.4 million, down from Rs. 584.1 on Monday.

First Capital Research said that NBFIs anchored the bullish move. The Colombo bourse retained its bullish tone, as the buying pressure persisted during today’s session.

ASPI marked a gain of 56 points and closed at 21,283. Although the ASPI ended on a green note, the number of negative contributors to the index outpaced the number of positive contributors.

HAYL, LOLC, BIL, DIMO and CCS were the top positive contributors to the index.

Both retail and HNW participation was high, while more positive sentiment was observed towards NBFI sector counters and specific Hotel sector counters.

Turnover for the day reached Rs. 6.6 billion, reflecting a decrease of 7% compared to the monthly average that stands at around Rs. 7 billion.

Remarkably, Diversified Financials sector took the lead with a share of 22%, followed by a combined contribution of 37% from Banking sector and Capital Goods sector. Foreign investors remained net buyers, recording a net inflow of Rs. 61.4 million.

NDB Securities said high net worth and institutional investor participation was noted in LOLC Holdings, Capital Alliance Holdings Limited and Vallibel One.

Mixed interest was observed in Sierra Cables, Digital Mobility Solutions Lanka, and Commercial Bank, whilst retail interest was noted in Browns Investments, UB Finance Company, and LVL Energy Fund. Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers.

Diversified Financials sector was the top contributor to the market turnover (due to LOLC Holdings and Capital Alliance Holdings Ltd.) whilst the sector index gained 1.02%. The share price of LOLC Holdings gained Rs. 17.50 to close at Rs. 582.25. The share price of Capital Alliance Holdings Limited recorded a gain of 80 cents to close at Rs. 17.80.

The Banking sector was the second highest contributor to the market turnover (due to Commercial Bank), whilst the sector index edged down by 0.03%. The share price of Commercial Bank declined by 75 cents to close at Rs. 192.50.

Browns Investments and Vallibel One were also included amongst the top turnover contributors. The share price of Browns Investments increased by 40 cents to close at Rs. 8.10. The share price of Vallibel One moved up by Rs. 3.45 to close at Rs. 100.25.