Friday Aug 08, 2025
Friday, 8 August 2025 00:04 - - {{hitsCtrl.values.hits}}
The Colombo stock market closed the week on a negative note.The benchmark ASPI yesterday gained by 0.11% and the active S&P SL20 lost by 0.04%. Turnover was Rs. 3.26 billion involving 115.08 million shares. During the week, the ASPI and the S&P SL20 lost 0.4% and 1.2% respectively, whilst recording an average daily turnover of Rs. 3.89 billion.
Foreign investors yesterday remained net buyers, recording a net inflow of Rs. 27 million.
First Capital said the Colombo Bourse extended its positive momentum from Wednesday, closing in the green once again marking a turnaround from the sluggish start to the week. Despite the upbeat closure, trading was marked by significant volatility, driven by a mix of buying and selling activity. The ASPI gained 22 points, ending this shortened trading week at 19,827. Market engagement remained relatively muted, with limited participation from both retail and high-net-worth investors. Yesterday’s turnover amounted to Rs. 3.3 billion, marking a 52% decrease from the monthly average of around Rs. 6.8 billion.
The Diversified Financials sector dominated turnover, contributing 23%, followed by the Capital Goods, and Banking sectors with a combined contribution of 33%.
NDB Securities said high net worth and institutional investor participation was noted in John Keells Holdings, Prime Lands Residencies and Hemas Holdings.
Mixed interest was observed in Galle Face Capital Partners, Lankem Developments and Ceylon Land & Equity whilst retail interest was noted in SMB Leasing nonvoting, Asia Siyaka Commodities and LOLC Finance. The Diversified Financials sector was the top contributor to the market turnover (due to Galle Face Capital Partners) whilst the sector index gained 0.28%. The share price of Galle Face Capital Partners moved up by Rs. 3.40 to close at Rs. 71.50.
The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index edged down by 0.01%. The share price of John Keells Holdings closed flat at Rs. 23.50. The share price of Hemas Holdings recorded a loss of 20 cents to close at Rs. 30.80.
Prime Lands Residencies and Lankem Developments were also included amongst the top turnover contributors. The share price of Prime Lands Residencies gained 50 cents to close at Rs. 19.40. The share price of Lankem Developments appreciated by Rs. 1.30 to close at Rs. 26.10.
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