CSE declines 0.69% during week with net foreign selling at Rs. 580 m

Saturday, 16 May 2026 02:37 - - {{hitsCtrl.values.hits}}

The Colombo stock market edged higher yesterday to close in green as investors continued to remain cautious amidst global uncertainties.

During the week, the ASPI declined 0.69% or 158.23 points and the S&P SL20 fell 0.55% or 35 points. Net foreign selling amounted to Rs. 579.98 million.

The ASPI was up a marginal 0.03% or 6.22 points to close at 22,905.75 and the active S&P SL20 was up 0.27% or 16.98 points at 6,284.24.

Turnover was over Rs. 2.8 billion on over 114.8 million shares traded. Foreign investors were heavily on the selling side on a net outflow of Rs. 670.7 million.

First Capital Research said that amid a volatile global environment, geopolitical uncertainties, and declining Asian markets, investors adopted a cautious stance as the bourse recorded a marginal gain, losing the upward momentum observed during the early trading session.

COMB, and HUNT emerged as the top positive contributors to the ASPI. Market breadth remained negative with 83 positive counters against 125 decliners.

Participation from both HNW and retail investors remained at moderate levels. The capital goods sector led daily turnover, accounting for 38%, followed by the banking and diversified financials sectors, which collectively contributed 28%.