“Colombo Bourse holds steady amid global uncertainty”

Amid the volatile and uncertain global geopolitical backdrop, coupled with rising oil prices and cautious investor sentiment, the Colombo Bourse remained largely flat.

The ASPI edged up by 8 points to close at 22,620, while the S&P SL20 gained 15 points to settle at 6,230. CINS, COMB, JKH, ACL, and DIAL emerged as the top positive contributors to the ASPI.

Market activity reflected mixed sentiment, alongside average participation from both HNW and retail investors, Frist Capital Research said.  

Daily turnover stood at LKR 3.1Bn, marking a decrease of 12.2% over the monthly average of LKR 3.5Bn. Capital Goods sector led the daily turnover with a share of 35%, followed by the Banking, and Food Beverage & Tobacco sectors collectively contributing 28%.

Foreign investors turned net sellers, posting a net outflow of LKR 39.1Mn.