Colombo stock market ends week with 4.6% gain

Saturday, 28 June 2025 01:16 - - {{hitsCtrl.values.hits}}

The Colombo stock market yesterday ended an emphatic week with sharp gains and high turnover fuelled by a rebound in investor sentiment.

For the week, the benchmark ASPI was up 4.6% and the active S&P SL20 by 3.6%. Yesterday’s gains were 0.75% and 0.34% respectively. Turnover yesterday was Rs. 5.12 billion, which was also the average for the week.

First Capital said continuing the positive momentum from the previous day, the Colombo stock market reached a new all-time high, surpassing Thursday’s record amid easing risk premia attached to global tensions.

The market opened on a bullish note, with some profit-taking observed during the early hours of trading. However, the index gradually recovered and closed at 17,873, marking a gain of 132 points. CTHR, JKH, SAMP, HNB, and CDB were among the top positive contributors to the index. Retail and high-net-worth investor participation remained strong throughout the session.

The Capital Goods sector was the top contributor to today’s turnover, accounting for a share of 24%. This was followed by the Diversified Financials and Materials sectors, which produced a joint contribution of about 29%. Foreign investors remained net sellers, with a net outflow of Rs. 441.5 million.

NDB Securities said high net worth and institutional investor participation was noted in Ceylon Hotels Corporation, John Keells Holdings and Access Engineering. Mixed interest was observed in Hemas Holdings, Sampath Bank and Sunshine Holdings whilst retail interest was noted in Renuka Agri Foods, Singhe Hospitals and Waskaduwa Beach Resort.

The Capital Goods sector was the top contributor to the market turnover (due to John Keells Holdings and Hemas Holdings) whilst the sector index gained 0.92%. The share price of John Keells Holdings increased by 30 cents to Rs. 22.10. The share price of Hemas Holdings gained by 10 cents to Rs. 30.20.

The Diversified Financials sector was the second highest contributor to the market turnover whilst the sector index increased by 0.46%.

Sampath Bank, Sunshine Holdings and Singer Sri Lanka were also included amongst the top turnover contributors. The share price of Sampath Bank moved up by Rs. 1.50 to Rs. 124.25. The share price of Sunshine Holdings recorded a loss of 30 cents to Rs 26.40. The share price of Singer Sri Lanka appreciated by Rs. 2.90 to Rs. 47.

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