Stock Market extends gains through the week

The Colombo Bourse commenced the shortened trading week on a positive note and maintained a largely upward trajectory throughout the period.

However, profit-taking intensified on the final trading day as the All-Share Price Index (ASPI) neared the 23,000 mark, leading the index to close 38 points lower at 22,812, First Capital Research said.

Market activity remained robust during the week, supported by active participation from both retail and high-net-worth investors. Average daily turnover stood at around Rs. 7 billion, reflecting sustained investor confidence amid a stable macroeconomic environment and a declining interest rate trend.

With listed companies beginning to release their earnings for the September quarter, upcoming results are expected to further shape market sentiment and trading direction.

Sector-wise, strong investor interest was observed in the Banking, Capital Goods, and Diversified Financials sectors, while the Energy sector also drew notable attention during the week.