“Colombo Bourse ends in red amid renewed selling pressure”

The Colombo Bourse closed in negative territory today, with the ASPI declining by 86 points to 21,461 and the S&P SL20 falling by 15 points to 5,985.

“Although the market traded in positive territory during the morning session, selling pressure emerged later in the day, reversing early gains and weighing on investor sentiment,” First Capital Research said.

 Retail participation remained at average levels during the session. The main negative contributors to the ASPI were CTHR, MELS, GREG, AEL, and CFIN. Daily turnover stood at LKR 1.7Bn, marking a decrease of 47.0% over the monthly average of LKR 3.1Bn.

Capital Goods sector led the daily turnover with a share of 28%, followed by the Materials, and Food Beverage & Tobacco sectors collectively contributing 30%. Foreign investors remained net buyers, posting a net inflow of LKR 55.9Mn.