ASPI’s YTD return tops 10% mark as CSE sustains upward march

Thursday, 12 June 2025 04:36 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday sustained its upward march with healthy turnover powered by optimistic investors.

The benchmark ASPI gained by 0.9% and the active S&P SL20 by 1.5%.

With yesterday’s gain, the ASPI crossed the double-digit year-to-date (YTD) return mark at 10.74%. The S&P SL20’s YTD return remains at 8.7%.

Turnover was

Rs. 5.68 billion involving 283 million shares. Turnover was led by LVEF

(Rs. 500 million), RCL

(Rs. 304 million), and TILE

(Rs. 269 million).

First Capital said the bourse continued its bullish momentum, marching onwards and upwards through sustained investor optimism and increased activity.

The key positive drivers of the index primarily consisted of Banking sector counters such as HNB, NDB, DFCC, and SAMP, alongside JKH. Retail investors demonstrated robust engagement, followed by a reasonably high level of HNW involvement, with interest mainly towards Construction sector counters such as RCL and TILE.

Turnover marked a 15% increase relative to the monthly average.

The Capital Goods sector led turnover, contributing 24%, followed by the Banking and Diversified Financials sectors jointly accounting for 35%.

Asia Securities said continuing its upward momentum, the ASPI’s surge was supported by price gains in LVEF (+15.7%), HNBFN (+10.4%), LMF (+3.7%), and JKH (+2.7%). Moreover, investors showed increased interest in Banking sector stocks such as NDB (+4.3%), HNBN (+2.6%), DFCC (+2.2%), and SAMP (+1.0%), along with Construction sector stocks such as TILE (+5.5%), RCL (+2.8%), TKYO (+1.8%), and LALU (+1.7%) during the session.

JKH (+23 points), HNBN (+22 points), and NDB (+18 points) came in as the major index movers for the day. The market breadth was positive, with 141 price gainers and 90 decliners.

Foreigners recorded a net outflow of Rs. 101.5 million. Net foreign buying topped in TILE at Rs. 75.5 million and selling topped in TKYO.N at Rs. 67 million.

NDB Securities said high net worth and institutional investor participation was noted in Royal Ceramics, Lanka Tiles, and John Keells Hotels. Mixed interest was observed in Vallibel One, Hatton National Bank, and Sampath Bank, whilst retail interest was noted in LVL Energy Fund, HVA Foods, and HNB Finance.

The Capital Goods sector was the top contributor to the market turnover (due to Royal Ceramics, Lanka Tiles, and Vallibel One,) whilst the sector index gained 1.71%. The share price of Royal Ceramics gained Rs. 1.10 to Rs. 40.70. The share price of Lanka Tiles moved up by Rs. 3 to Rs. 57.10. The share price of Vallibel One appreciated by Rs. 3 to Rs. 82.

The Banking sector was the second highest contributor to the market turnover (due to Hatton National Bank), whilst the sector index increased by 1.60%. The share price of Hatton National Bank recorded a gain of Rs. 8.50 to Rs. 339.25.

LVL Energy Fund was also included amongst the top turnover contributors, with its share price gaining Rs. 1.10 to Rs. 8.10.

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