CSE rebounds from three-day slide

Thursday, 30 October 2025 05:17 - - {{hitsCtrl.values.hits}}

The Colombo stock market rebounded yesterday, recovering from a three-day slide.

ASPI gained 0.39%, up 87.90 points to 22,777.12 and the S&P SL20 was up 0.12%, gaining 7.54 points to 6,210.63.

Turnover was a little over Rs. 5.38 billion with over 174.2 million shares traded.

Foreign investors were net sellers with a net outflow of Rs. 372.5 million.

NDB Securities said the ASPI closed in green as a result of price gains in counters such as Windforce, Senkadagala Finance and Diesel & Motor Engineering with the turnover crossing Rs. 5.3 billion.

A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sampath Bank, John Keells Holdings and Ceylon Land & Equity.

Mixed interest was observed in Windforce, Colombo Dockyard and Sierra

Cables whilst retail interest was noted in Industrial Asphalts, Co-Operative Insurance Company and Nawaloka Hospitals.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net sellers.

The Capital Goods sector was the top contributor to the market turnover (due to Colombo Dockyard and John Keells Holdings) whilst the sector index lost 0.17%.

The share price of Colombo Dockyard lost Rs. 32.75 (9.90%) to close at Rs. 298.The share price of John Keells Holdings moved down by 10 Cents (0.48%) to close at Rs. 20.80.

Utilities sector was the second highest contributor to the market turnover (due to Windforce Limited) whilst the sector index increased by 9.88%. The share price of Windforce Limited increased by Rs. 7.90 (17.59%) to close at Rs. 52.80.

Laugfs Gas and Lanka Realty Investments were also included amongst the top turnover contributors. The share price of LAUGFS Gas recorded a gain of Rs. 4.60 (7.43%) to close at Rs. 66.50. The share price of Lanka Realty Investments appreciated by Rs. 1.10 (3.16%) to close at Rs. 35.90.

First Capital Research said the Colombo Bourse rebounded from the previous sessions’ losses, with the ASPI closing at 22,777, marking an 88-point increase.

Renewed investor interest was evident in WIND, following news of the company emerging as the lowest-cost bidder for Lot-1 of the Mullikulam wind power project.

Retail participation remained robust throughout the session, while HNW activity was relatively subdued.

Off-board transactions were primarily observed on banking and blue-chip counters. Key positive contributors to the index included WIND, SFCL, DIMO, NHL, and VLL.

Market turnover stood at LKR 5.4Bn, approximately 28% lower than the monthly average of Rs. 7.5 billion.

The Capital Goods sector dominated activity, accounting for 20% of total turnover, followed by the Utilities and Banking sectors, which together contributed 25%.

Meanwhile, foreign investors continued to remain net sellers, recording a net outflow of Rs. 372.5 million for the day.