“Colombo Bourse closes higher amid global optimism”

Optimism surrounding US–Iran peace negotiations, together with strengthening global capital markets and easing global oil prices, had a positive impact on the Colombo Bourse, which closed the session in positive territory.

“The ASPI advanced by 155 points to close at 22,740, while the S&P SL20 gained 32 points to end at 6,245. JKH, HNB, MELS, HAYL, and RIL were the top positive contributors to the ASPI,” said First Capital Research.

Market breadth remained positive, with 161 gainers compared to 67 decliners. Retail investor participation was observed at elevated levels, whereas HNW investor participation remained relatively subdued.

Daily turnover stood at LKR 4.1Bn, marking an increase of 10.6% over the monthly average of LKR 3.7Bn. Food, Beverage & Tobacco sector led the daily turnover with a share of 16%, followed by the Diversified Financials, and Consumer Services sectors collectively contributing 28%.

Foreign investors turned net buyers, posting a net inflow of LKR 62.4Mn.