ASPI closes in green with turnover exceeding Rs. 6.3 billion

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) ended today (28) at 17,119.86, marking a gain of 75.19 points (0.44%).

The All Share Price Index (ASPI) closed higher, gaining 75 points (0.44%), driven by price gains in Browns Investments, Richard Pieris & Company, and Hatton National Bank. The S&P SL20 also followed a similar trend.

Turnover crossed Rs. 6.4 billion, reflecting a 14.4% decline from the monthly average of Rs. 7.4 billion. The Capital Goods sector led the turnover with a 20% share, while the Banking and Food, Beverage & Tobacco sectors jointly contributed 32%.

High net worth and institutional investor activity was noted in John Keells Holdings, Vidullanka, and Hemas Holdings, while mixed interest was seen in Browns Investments, Hatton National Bank, and Lanka IOC. Retail investors were active in Waskaduwa Beach Resort, SMB Leasing, and Ceylon Land & Equity.

Market sentiment improved compared to the previous session, with volatility in the first half giving way to increased positive momentum in select stocks across various sectors. Foreign participation remained subdued, with net foreign outflows of Rs. 300.1 million.