Colombo stock market further sustains all-time high level

Tuesday, 10 June 2025 03:08 - - {{hitsCtrl.values.hits}}

The Colombo stock market opened the week on a bullish sentiment yesterday, further sustaining an all-time high level.

The benchmark ASPI gained by 105.79 points or 0.61% and the active S&P SL20 by 0.64%.

Turnover was Rs. 2.85 billion involving 121.81 million shares.

Foreign participation in market activity remained at subdued levels, with foreigners closing as net sellers with a net outflow of Rs. 19.3 million.

First Capital said the week opened on a positive note with a rally powered by retail participation, as the market was overtaken by positive sentiment in contrast to the profit-taking seen in the previous session.

The ASPI surged at the open, dipped through mid-session, then rebounded with steady gains to close in the green. The index ended the day up 106 points at 17,500. HAYL, CINS, CCS, HNB, and CTC were the key positive drivers of the index.

Retail investors remained reasonably active, whilst HNW investors experienced a muted session, with selective interest mainly towards Banking sector counters such as PABC, NTB, and SAMP.

Turnover reached Rs. 2.9 billion, marking a decrease of 39% relative to the monthly average of Rs. 4.7 billion. The Banking sector led yesterday’s turnover, contributing 19%, followed by the Diversified Financials and Materials sectors jointly accounting for 32%.

Asia Securities said the ASPI closed at 17,500.24, up 105.79 points (+0.61%), while the more liquid S&P SL20 index closed at 5,208.95, up 33 points (+0.64%). Turnover was recorded at Rs. 2.85 billion and the Banks, Diversified Financials, Materials, and Capital Goods sectors led activity, collectively accounting for 65.7% of turnover.

Foreigners recorded a net outflow of Rs. 19.3 million, while their participation declined to 3.4% of turnover (previous day 3.4%). Net foreign buying topped in DIAL.N at Rs. 59.3 million, while net foreign selling topped in KHL.N at Rs. 20 million.

Crossings accounted for 6.9% of turnover led by NTBN (Rs. 47.3 million) and MGTN (Rs. 43.8 million).

Market P/E was 8.61.

NDB Securities said high net worth and institutional investor participation was noted in Nations Trust Bank, Hayleys Fabric, and Pan Asia Banking Corporation.

Mixed interest was observed in Singer Finance, Ceylon Cold Stores, and Lanka Milk Foods, whilst retail interest was noted in LVL Energy Fund, Hela Apparel Holdings, and Alumex.

The Banking sector was the top contributor to the market turnover (due to Pan Asia Banking Corporation), whilst the sector index gained 0.47%. The share price of Pan Asia Banking Corporation increased by Rs. 1 to close at Rs. 43.70.

The Diversified Financials sector was the second highest contributor to the market turnover (due to Singer Finance), whilst the sector index increased by 0.48%. The share price of Singer Finance recorded a gain of Rs. 2 to close at Rs. 37.

LVL Energy Fund, Alumex, and Hemas Holdings were also included amongst the top turnover contributors. The share price of LVL Energy Fund gained Rs. 0.30 to close at Rs.7. The share price of Alumex moved up by Rs. 0. 20 to close at Rs. 16.80. The share price of Hemas Holdings declined by Rs. 0.30 to close at Rs. 29.30.

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