CSE opens week on the up gaining Rs. 60 b value, ASPI crosses 23,000 points

Tuesday, 6 January 2026 01:37 - - {{hitsCtrl.values.hits}}

The Colombo stock market began the week on the up, with the ASPI gaining ground for the second straight session this year to cross the 23,000-point mark on bullish investor sentiment.

The ASPI was up 0.66% or 150.67 points to 23,014.75 and the S&P SL20 gained 0.67% or 41.35 points to 6,227.44. The market gained Rs. 58.89 billion in value yesterday.

Market turnover was nearly Rs. 5.8 billion on over 130.6 million shares traded. Foreigners were net buyers on a net inflow of over Rs. 87.8 million.

NDB Securities said high net worth and institutional investor participation was noted in Commercial Bank, ACL Cables and Cargills. Mixed interest was observed in Prime Lands Residencies, Laugfs Gas and Renuka Agri Foods whilst retail interest was noted in Browns Investments, Hela Apparel Holdings and LVL Energy Fund.

The Capital Goods sector was the top contributor to market turnover due to ACL Cables while the sector index gained 0.47%. The share price of ACL Cables increased by Rs. 4.65 to close at Rs. 103.75.

The Materials sector was the second highest contributor to market turnover due to Dipped Products, with the sector index increasing by 0.50%. Dipped Products closed 10 cents up at Rs. 64.50.

Commercial Bank, Prime Lands Residencies, and Laugfs Gas, were also included amongst the top turnover contributors. Commercial Bank gained Rs. 4.25 to close at Rs. 207.25, Prime Lands Residencies moved up by Rs. 1.10 to Rs. 35.40, and Laugfs Gas was up Rs. 1.70 to Rs. 76.50.

First Capital Research said the Colombo bourse opened sharply higher, held its gains through a period of consolidation, and closed near the day’s highs, reflecting strong demand and a clearly bullish tone throughout the session.

Top positive contributors to the ASPI were COMB, CARS, ACL, LOLC and SAMP. Both HNW and retail investors demonstrated strong participation and sustained interest in trading throughout the day.

Notable interest was observed in counters focused on cables and conductors as well as property sector stocks edged higher over the course of the day. Meanwhile, dollar earning counters that stand to benefit from LKR depreciation, namely DIPD, HAYL, and HEXP attracted notable investor interest throughout the session. The Capital Goods sector contributed 35% of total turnover, while the Materials Banking sectors together accounted for 25%.