Colombo Bourse closes lower amid mild selling pressure

The Colombo Stock Exchange (CSE) closed in negative territory today as investor sentiment remained subdued amid broad based selling pressure across selected counters.

The All Share Price Index (ASPI) declined by 118 points to close at 21,962, while the S&P SL20 Index fell 32 points to end the session at 6,136.

High net worth (HNW) investor participation remained slightly active, supported by several negotiated crossings, while retail investor activity remained at average levels.

The main negative contributors to the ASPI were Dialog Axiata PLC (DIAL), Melstacorp PLC (MELS), John Keells Holdings PLC (JKH), Cargills (Ceylon) PLC (CARS), and CIC Holdings PLC (CIC).

Daily turnover amounted to Rs. 1.5 billion, reflecting a 27.2% decline compared to the monthly average turnover of Rs. 2.1 billion.

The Capital Goods sector accounted for the largest share of market turnover at 31%, while the Retailing and Materials sectors collectively contributed 22%.

Foreign investors remained net sellers during the session, recording a net foreign outflow of Rs. 185.1 million.