Colombo stock market rebounds

Wednesday, 27 August 2025 00:02 - - {{hitsCtrl.values.hits}}

After two consecutive sessions of downward movement, the indices of the Colombo stock market yesterday closed in green with the ASPI gaining 38 points (+0.2%) and the S&P SL20 index increasing 6 points (+0.1%).

Market turnover improved to Rs. 5.1 billion compared with Rs. 4.4 billion in the previous session, mainly led by TJL (Rs. 341 million) SIRA (Rs. 336 million) and SAMP (Rs. 330 million).

Asia Securities said the market gained due to price gains in RWSL (+24.1%), CSLK (+2.0%), DFCC (+1.7%), and SINS (+0.9%). Moreover, investors showed increased interest in construction sector stocks like SIRA (+10.6%), ALUM (+2.3%), TKYON (+1.6%), JAT (+1.6%), and AEL (+1.4%) during the session. DFCC (+9 points), SAMP (+7 points), and DIAL (+6 points) came in as the major index movers for the day. The breadth of the market was positive with 141 price gainers and 92 decliners.

Foreigners recorded a net inflow of Rs. 56.1 million. Net foreign buying topped in HNB.N at Rs.

253.9 million while selling topped in TJL.N at Rs. 253.2 million.

First Capital said the Colombo Bourse rebounded following two days downturn, supported by bargain hunting and renewed buying interest in Construction and Consumer related stocks. Increased participation from both retail and HNW investors was also evident. DFCC, SAMP, DIAL, COMB, and HNB were the leading positive contributors to the index. The Capital Goods sector led turnover contributions, accounting for 23% while the Banking and Diversified Financials sectors together made up 32% of the overall turnover.

NDB Securities said high net worth and institutional investor participation was noted in Singer Sri Lanka, Amana Takaful and EB Creasy and Company. Mixed interest was observed in Sierra Cables, Hatton National Bank, and Teejay Lanka whilst retail interest was noted in Mackwoods Energy, Merchant Bank of Sri Lanka and Finance and Madulsima Plantations.

The Capital Goods sector was the top contributor to the market turnover (due to Sierra Cables and Access Engineering) whilst the sector index lost 33.83%. The share price of Sierra Cables gained Rs. 2.20 to Rs. 22.90. The share price of Access Engineering appreciated by 80 cents to Rs. 57.90.

The Banking sector was the second highest contributor to the market turnover (due to Sampath Bank and Hatton National Bank) whilst the sector index increased by 130.21%. The share price of Sampath Bank moved up by one Rupee to Rs. 146.75. The share price of Hatton National Bank recorded a gain of Rs. 2 to Rs. 399.75.

Teejay Lanka was also included amongst the top turnover contributors with its share price closing flat at Rs. 44.