CSE sustains new high levels amidst healthy turnover

Wednesday, 23 July 2025 00:08 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday managed to inch further up from its all-time high levels amidst healthy turnover.

The benchmark ASPI yesterday closed with a gain of over 47 points and the active S&P SL20 by over 10 points. Turnover was Rs. 5.9 billion involving 203.8 million shares.

First Capital said the Bourse extended Monday’s momentum supported by increased investor participation and sustained positive sentiment. The ASPI advanced further, gradually settling into the newly surpassed 19,000 zone and closing at 19,092. The index experienced notable intraday volatility, briefly dipping into negative territory until late morning, before recovering steadily on the back of improved sentiment which drove consistent gains throughout the afternoon.

The top positive contributors to the index were DFCC, NDB, AEL, HNB and ASHO. Both retail and HNW investors contributed to the active trading environment observed.

The Banking sector dominated activity, accounting for a 23% share, followed by the Capital Goods, and Food, Beverage and Tobacco sectors which collectively contributed around 37%. Foreign investors remained net sellers with a net outflow of Rs. 38.2 million.

NDB Securities said high net worth and institutional investor participation was noted in RIL Property, Vallibel One and Ceylinco Holdings nonvoting. Mixed interest was observed in DFCC Bank, John Keells Holdings, and Access Engineering whilst retail interest was noted in C.W. Mackie, Namunukula Plantations, and Ceylon Guardian Investment Trust.

The Banking sector was the top contributor to the market turnover (due to DFCC Bank) whilst the sector index gained 0.67%. The share price of DFCC Bank increased by Rs. 8.75 to Rs. 134.50.

The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings, Access Engineering and Vallibel One) whilst the sector index decreased by 0.17%. The share price of John Keells Holdings moved down by 10 cents to Rs. 25.10. The share price of Access Engineering recorded a gain of Rs. 1.70 to Rs. 61.90.

The share price of Vallibel One declined by 40 cents to Rs. 90.20.

RIL Property was also included amongst the top turnover contributors with its share price losing 40 cents to Rs. 29.70.

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