CSE sees healthy week

Saturday, 24 May 2025 00:37 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday finished a healthy week with indices and turnover up whilst enjoying high net foreign inflow.

The benchmark ASPI yesterday gained by 0.1% finishing the week higher by 0.6%.

The active S&P SL20 closed almost flat yesterday but ended the week with 0.1%.

Turnover was Rs. 3.74 billion involving 182.5 million shares. For the week, turnover averaged Rs. 2.97 billion.

First Capital said the Colombo Stock Exchange continued its upward trajectory, with the ASPI advancing 21 points to end the week at 16,494. The index saw a sharp rise during the early hours of trading, followed by a moderate pullback and eventual stabilisation, ultimately closing in positive territory. Notable contributors to the index’s performance included HHL, COOP, SUN, CTHR, and BUKI. Investor activity remained robust, with HNW and retail participants actively engaging in the market. HNW interest was particularly evident in the Banking sector and key conglomerates such as JKH, HHL, and SUN. Market turnover was 46% higher compared to the monthly average. The Food, Beverage and Tobacco sector led market activity, accounting for 30% of the total turnover. The Capital Goods and Banking sectors followed closely, contributing a combined 30%. Foreign investors remained net buyers, recording a net foreign inflow of Rs. 155.9 million.