Colombo stock market reverts to negative territory

Friday, 12 September 2025 00:02 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday reverted to negative territory whilst turnover was healthy though lower from Wednesday.

The benchmark ASPI declined by 0.6% and the active S&P SL20 by 0.7% Turnover was Rs. 6.5 billion involving 268 million shares.

Turnover was led by Prime Lands Residencies (Rs 1.9 billion), Chevron Lubricants (Rs. 449 million), Sierra Cables (Rs. 270 million).

First Capital said continuing the buying momentum from Wednesday, the Colombo Bourse opened on a positive note but ultimately ended in negative territory. The ASPI lost 128 points, closing at 20,642. Banks and blue-chip companies caused the downfall of the index, with HNB, CARG, DFCC, JKH and DIAL emerging as the top negative contributors. The turnover was 14% lower than the monthly average. The Real Estate sector led the turnover with a 31% share, predominantly due to higher off-board transactions on PLR. The Capital Goods sector and Materials sector jointly contributed to 27% of the turnover. Foreign investors turned net buyers, recording a net inflow of Rs. 54.4 million.

EB Creasy saw foreign buying of Rs. 25 million followed by First Capital Holdings (Rs. 17 million) and Waskaduwa Beach Resort (Rs. 14 million).

NDB Securities said crossings were witnessed in Prime Lands Residencies, Resus Energy and Sampath Bank, accounting for 63.7% of the turnover. Mixed interest was observed in Chevron Lubricants, Sierra Cables and John Keells Holdings, whilst retail interest was noted in UB Finance Company, Nawaloka Hospitals and LVL Energy Fund.

The Real Estate sector was the top contributor to the market turnover (due to Prime Lands Residencies), whilst the sector index gained 0.44%. The share price of Prime Lands Residencies increased by Rs. 2 to close at Rs. 32.

The Capital Goods sector was the second highest contributor to the market turnover (due to Sierra Cables), whilst the sector index decreased by 0.66%. The share price of Sierra Cables moved up by one rupee to close at Rs. 28.80. Chevron Lubricants, Sampath Bank and Resus Energy were also included amongst the top turnover contributors. The share price of Chevron Lubricants lost Rs. 5.50 to close at Rs 170. The share price of Sampath Bank closed flat at Rs. 140.75. The share price of Resus Energy appreciated by Rs. 1.40 to close at Rs. 43.40.