CSE ends week on the up

Saturday, 5 July 2025 00:58 - - {{hitsCtrl.values.hits}}

The Colombo stock market sustained its winning run ending the week on the up.

The benchmark ASPI finished the week with 1.5% gain and the active S&P SL20 by 1.6%.

Yesterday the indices inched upward by 0.26% and 0.35% respectively.

Involving 156 million shares turnover was Rs. 6.7 billion, whilst for the week turnover averaged Rs. 6.8 billion.

First Capital said the Colombo Bourse staged a mild recovery from Thursday’s profit-taking, with investors remaining engaged throughout. The market opened under continued selling pressure, carried forward from the previous day, driven by uncertainty surrounding the verdict on US reciprocal tariffs, which prompted investors to resort to further profit taking. The ASPI showcased a declining trend until late morning, after which it saw steady gains as investor sentiment shifted towards a buying stance. The index ultimately closed at 18,148, marking a gain of 47 points.

The top positive contributors for the day were JKH, MELS, COMB, HNB and SUN. Today’s rally was driven by HNW investors, with crossings in CTHR and CARG accounting for a significant portion of the turnover, while retail investor activity remained moderate.

The Food Retailing sector was the top contributor to today’s turnover, accounting for a share of 32%. This was followed by the Capital Goods, and Materials sectors, which produced a joint contribution of about 31%. Foreign investors turned net buyers, with a net flow of Rs. 17.2 million.

NDB Securities said crossings were witnessed in CT Holdings, Cargills and John Keells Holdings accounting for 44.3% of the turnover. Mixed interest was observed in Dipped Products, Access Engineering and Commercial Bank whilst retail interest was noted in Lanka Walltiles, Hela Apparel Holdings and Watawala Plantations.

The Food and Staples Retailing sector was the top contributor to the market turnover (due to CT Holdings and Cargills) whilst the sector index gained 0.53%. The share price of CT Holdings increased by Rs. 5 to Rs. 590. The share price of Cargills edged up by 50 cents to Rs. 583.50.

The Capital Goods sector was the second highest contributor to the market turnover (due to John Keells Holdings and Access Engineering) whilst the sector index increased by 0.61%. The share price of John Keells Holdings moved up by 30 cents to Rs. 23.70. The share price of Access Engineering appreciated by 10 cents to Rs. 47.

Dipped Products was also included amongst the top turnover contributors with its share price gaining by 90 cents to Rs. 60.90

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