Colombo stock market rebounds with high turnover

Thursday, 11 September 2025 00:10 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday managed to recover with high turnover thanks to a fresh round of buying by investors.

The benchmark ASPI gained by 0.4% and the active S&P SL20 by 0.6%. Turnover was Rs. 11.87 billion involving 324.8 million shares. Turnover was led by CT Holdings (Rs. 3.6 billion), Cargills (Ceylon) PLC (Rs. 1 billion), CDB (Rs. 705 million), PickMe (Rs. 652 million) and Sierra Cables (Rs. 423 million).

First Capital said reversing Tuesday’s selling sentiment, the market closed the day in positive territory, marking a rebound by the end of the trading session. The ASPI declined in the first half of the session, but rebounded in the latter half.

Selected banks seemed to recover from previous profit taking, underpinning the recovery of ASPI. HNB, NDB, NHL, BIL and DFCC lead the top positive contributors to the index. The retail participation was high, whereas HNW participation was seen in selective stocks such as CDB and PKME. The turnover was a 59% increase over the monthly average. Food Retailing sector led the turnover with a 39% share, while Diversified Financials sector and Capital Goods sector jointly contributed to 23% of the turnover. Foreign investors turned net sellers, recording a net outflow of Rs. 2.6 billion.

CT Holdings saw net foreign selling of Rs. 2.6 billion in CT Holdings whilst highest foreign buying was in PickMe (Rs. 20 million).