Colombo stock market rebounds sharply

Wednesday, 17 September 2025 00:00 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday rebounded sharply erasing the losses suffered on Monday as investor sentiment changed for the better.

The benchmark ASPI gained by 264 points or 1.3%. The active S&P SL20 rose by 1.2%. Turnover was Rs. 6.2 billion involving 203.17 million shares. On Monday the ASPI lost 257 points.

First Capital said the Colombo Stock Exchange depicted an upswing, returning to the green territory, closing ASPI at 20,619, gaining 264 points from the previous session. Banking sector and specific Hotel counters predominantly drove the positive sentiment in the market, whereas COMB, SAMP, HNB, SPEN and DFCC were the top positive contributors to the index. Higher retail participation was observed compared to yesterday, while HNW participation was prominently seen in blue chip companies. Turnover was powered by the Capital Goods sector with a 31% share of the total, followed by the joint contribution of 22% from the Utilities sector and the Retailing sector. Foreign investors remained net sellers with an outflow of Rs. 270.8 million.

NDB Securities said high net worth and institutional investor participation was noted in Chevron Lubricants, Hemas Holdings, and Central Finance Company. Mixed interest was observed in Sierra Cables, R I L Property and LVL Energy Fund, whilst retail interest was noted in Panasian Power, John Keells Holdings and Prime Lands Residencies.

The Capital Goods sector was the top contributor to the market turnover (due to Sierra Cables and Hemas Holdings) whilst the sector index gained 1.25%. The share price of Sierra Cables increased by Rs. 3.80 (13.67%) to close at Rs. 31.60. The share price of Hemas Holdings recorded a gain of Rs. 0.40 (1.34%) to close at Rs. 30.30.

The Utilities sector was the second highest contributor to the market turnover (due to LVL Energy Fund Ltd.) whilst the sector index increased by 6.22%. The share price of LVL Energy Fund moved up by Rs. 1.00 (8.93%) to close at Rs. 12.20.

R I L Property and Prime Lands Residencies were also included amongst the top turnover contributors. The share price of R I L Property gained Rs. 2.30 (7.03%) to close at Rs. 35.00. The share price of Prime Lands Residencies appreciated by Rs. 1.20 (3.60%) to close at Rs. 34.50.