Colombo stock market sustains bull run after CBSL move

Thursday, 24 July 2025 00:15 - - {{hitsCtrl.values.hits}}

The Colombo stock market sustained its bull run further yesterday amidst active investor participation following the Central Bank’s decision to keep policy rates steady.

The benchmark ASPI gained by 151.15 points or 0.79% and the active S&P SL20 by 0.5%. Turnover was robust at Rs. 6.23 billion involving 235.33 million shares.

However, foreign investors remained net sellers with a net outflow of Rs. 99.6 million.

First Capital said the Colombo Stock Exchange yesterday carried on the bullish sentiment with strong participation from both retail and HNW investors, highlighting that the Central Bank’s decision to hold the overnight policy rate unchanged was well received.

The ASPI ended the session on a positive note, closing at 19,243 with a gain of 151 points. The index surged at the open and registered steady and continued gains throughout the session.

DFCC, RICH, NDB, CARS and NTB emerged as the top positive contributors to the index.

Turnover for the day stood at Rs. 6.2 billion, which reflects a 12% decrease over the monthly average of Rs. 7.1 billion. The Banking sector dominated the turnover with a 22% share, whilst the Capital Goods and Food, Beverage and Tobacco sectors jointly contributed around 36%.

NDB Securities said the high net worth and institutional investor participation was noted in Sunshine Holdings, John Keells Holdings and Sri Lanka Telecom. Mixed interest was observed in DFCC Bank, RIL Property and Colombo Dockyard whilst retail interest was noted in Lanka Credit and Business Finance, Lanka Ventures and Madulsima Plantations.

The Banking sector was the top contributor to the market turnover (due to DFCC Bank) whilst the sector index gained 1.11%. The share price of DFCC Bank gained Rs. 4.75 to close at Rs. 139.25.

The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Colombo Dockyard), whilst the sector index increased by 0.38%. The share price of John Keells Holdings moved down by 10 cents to close at Rs. 25. The share price of Colombo Dockyard appreciated by Rs. 20.95 to close at Rs 105.25.

Sunshine Holdings and RIL Property were also included amongst the top turnover contributors. The share price of Sunshine Holdings increased by 50 cents to close at Rs. 28.60. The share price of R I L Property recorded a gain of 90 cents to close at Rs. 30.60.

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