CSE closes up, extends rally to 11 sessions

Wednesday, 1 October 2025 00:25 - - {{hitsCtrl.values.hits}}

The Colombo stock exchange closed up yesterday extending a rally into its 11th session with buying interest in capital goods and Blue-chip counters.

The benchmark ASPI closed Tuesday up 0.47%, gaining 102.30 points to 21,778.60. The active S&P SL20 gained 7.32 points to close up 0.12% at 6,126.53.

Turnover was Rs. 6.27 billion on more than 154.7 million shares traded.

Foreigners were net sellers with a net outflow of Rs. 362.2 million, up from an outflow of Rs. 15.6 million the previous day.

First Capital Research said riding the wave of Monday’s bullish surge, the Colombo Bourse yesterday charged ahead once more, fuelled by a powerful rally in Capital Goods and Blue-chip counters.

In the early hours of trading, the market experienced a volatile session marked by notable selling pressure. But the market refused to back down. In a steady and determined climb, it fought its way back, turning red into green.

By the closing bell, the index stood at 21,779, a resounding gain of 102 points, sealing another victorious chapter in its upward march. Participation from HNW investors remained relatively low with moderate participation from retail investors.

Additionally, top positive contributors to the index included, DIMO, BUKI, CCS, MELS and WATA. Turnover for the day stood at Rs. 6.3 billion, reflecting a decrease of 12% compared to the monthly average that stands at around Rs. 7.1 billion.

Food, Beverage, and Tobacco sector took the lead in terms of sector wise contributions to turnover, with a share of 20%, followed by the Consumer services and the Capital Goods sectors which produced a combined contribution of 28%. Foreign investors remained net sellers, recording a net outflow of Rs. 362.2 million.

NDB Securities said high net worth and institutional investor participation was noted in Ceylon Hotels Corporation, Diesel and Motor Engineering, and Central Industries. Mixed interest was observed in Digital Mobility Solutions Lanka, Hatton National Bank and Ceylon Cold Stores whilst retail interest was noted in Kotagala Plantations, Lanka Credit and Business Finance and Browns Investments.

The Food, Beverage, and Tobacco sector was the top contributor to the market turnover (due to Sunshine Holdings) whilst the sector index gained 1.83%. The share price of Sunshine Holdings appreciated by 90 cents to Rs. 32.50.

The Capital Goods sector was the second highest contributor to the market turnover whilst the sector index edged up by 0.02%.

Ceylon Hotels Corporation, Diesel and Motor Engineering, Digital Mobility Solutions Lanka and Hatton National Bank nonvoting were also included amongst the top turnover contributors. The share price of Ceylon Hotels Corporation increased by Rs. 5.40 to Rs. 48.70. The share price of Diesel and Motor Engineering gained Rs. 335.75 to Rs. 2,070.75. The share price of Digital Mobility Solutions Lanka moved up by one Rupee to Rs. 146. The share price of Hatton National Bank nonvoting closed flat at Rs. 297.00.