CSE surges 2.75%, crosses 22,000 points as turnover hits three-month high

Wednesday, 11 November 2026 00:06 - - {{hitsCtrl.values.hits}}

The Colombo stock market continued its bull-run yesterday, surging above 22,000 points on improving investor sentiment and turnover reaching its highest since August.

The ASPI ended up 2.75% or 592.02 points at 22,123.39 and the S&P SL20 gained 3.66% or 224.97 points to 6,368.12.

Turnover was over Rs. 7.9 billion on nearly 254 million shares traded. Foreign investors were net sellers on a net outflow of Rs. 1.2 billion.

With 206 counters ending inn green against 45 in red, the top contributors to the ASPI gain were COMB, DIAL, HNB, HAYL and VONE. The top contributors to turnover were Dialog (Rs. 1.4 billion), Commercial Bank (Rs. 669 million), Dipped Products (Rs. 348 million), Sampath Bank (Rs. 297.4 million) and JKH (Rs. 273.4 million).

The 592-point gain is significant. However, the highest single-day ASPI gain was 885.14 points on 8 April 2026, and the previous high was 797.72 points on 25 March 2026, which beat a 706.26-point gain on 24 March 2026 and 704.88 points on 10 April 2025. Before these, the highest single day gain was recorded in 10 March 2022 when the ASPI increased by 692.35 points.

First Capital Research said the bourse continued its upward momentum supported by improved investor sentiment amid a decline in global oil prices. Both retail and HNW participation remained elevated, with the two investor segments contributing almost equally to overall market activity.

HNW investors demonstrated particularly strong interest in blue-chip counters, driving significant trading activity across large-cap stocks. Overall turnover recorded its highest level since August, highlighting a substantial resurgence in market activity and investor participation.

The banking sector led the daily turnover with a share of 26%, followed by the telecommunication, and capital goods sectors collectively contributing 33%.